5 Room (5I) HDB for Rent in 29 Balam Road

In the current valuation of the 5-room HDB unit located in Geylang, with a remaining lease of 40 years, the estimated market value stands at $459,800, translating to a price per square foot (PSF) of $336. This valuation reflects a neutral market signal, as it indicates a 0% difference from the baseline price, suggesting that the property is currently aligned with prevailing market conditions.

However, the model confidence is categorized as low, primarily due to the limited dataset available, with only one recent HDB resale transaction in the vicinity serving as a reference point. This constraint underscores the need for prospective buyers and investors to approach the valuation with caution. As the property market in Geylang evolves, it is imperative to consider not only the remaining lease but also broader market dynamics, including demand fluctuations and potential development plans in the area, which could impact future valuations.