4 Bed Terraced House (Landed) for Rent around Jalan Suka

The valuation of the 3-room HDB unit in Geylang, with a remaining lease of 79 years, stands at an estimated value of $429,743, equating to a price per square foot (PSF) of $537. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable market condition for similar properties in the area. However, the classification of model confidence as low suggests that while the data is derived from three recent resale transactions in the vicinity, there may be underlying factors influencing the market dynamics that are not fully captured in the model.

The remaining lease period plays a pivotal role in the valuation of HDB properties, especially in a densely populated and competitive market like Singapore. A lease nearing its end can significantly impact buyer sentiment and perceived value, which is amplified in popular districts such as Geylang. Investors and homeowners alike should remain vigilant regarding the long-term implications of leasehold properties, as the diminishing lease can lead to decreased marketability and potential depreciation in value over time.