4-Room HDB for Room Rent: 2 Haig Road

The valuation of the 4-room HDB unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $55,344, translating to a price per square foot (PSF) of $426. This valuation reflects a market price that is in perfect alignment with the baseline, indicating a 0% difference. Such stability in pricing is indicative of a mature market where demand and supply dynamics have reached an equilibrium, underpinned by recent transaction activity in the vicinity.

Our analysis is bolstered by a robust dataset, comprising 58 recent resale transactions in the area, which supports a high model confidence level. The 49-year remaining lease is a critical factor to consider in the valuation, as it positions the property in a unique segment of the market where buyers are increasingly discerning about lease lengths. Geylang's appeal as a vibrant locale with a mix of residential and commercial amenities further enhances the desirability of this unit, attracting a diverse range of prospective buyers. The current market signals suggest a stable outlook, underscoring the property’s value retention potential in the years to come.