5-Room HDB for Room Rent: 116 Lengkong Tiga

The valuation of the HDB 5 Room unit in Geylang, with a remaining lease of 61 years, stands at an estimated value of $59,550, translating to a price per square foot (PSF) of $496. This valuation is particularly noteworthy as it reflects a market price that is in equilibrium with recent transactions in the area, indicating a 0% difference from the baseline. Such stability in pricing suggests a well-balanced demand and supply scenario, where buyers and sellers are aligned in their expectations, making this property a compelling consideration for potential investors and homeowners alike.

Our analysis is underpinned by a robust model confidence rating categorized as high, drawing insights from 21 recent HDB resale transactions within the vicinity. This extensive dataset provides a strong foundation for the valuation, ensuring that the estimated value is not only reflective of current market conditions but also resilient to fluctuations. The remaining lease of 61 years is a significant factor in the valuation, as it positions the property favorably for both immediate occupancy and long-term investment potential, characteristic of the Geylang area which continues to exhibit vibrant market dynamics.