5 Room (5I) HDB for Sale in 114 Lengkong Tiga

The valuation of the HDB 5-room unit located in Geylang, with a remaining lease of 61 years, stands at an estimated value of $694,248, translating to an impressive $496 per square foot. This valuation is particularly notable as it is positioned significantly above the market baseline, reflecting a substantial 41.2% premium. Such a deviation from the baseline suggests robust demand dynamics in the Geylang area, which is often characterized by its strategic location and vibrant community. The premium pricing indicates that buyers are willing to invest in properties that offer both potential appreciation and quality living conditions.

Our analysis is corroborated by a comprehensive review of 21 recent HDB resale transactions within the vicinity, underscoring a high model confidence in this valuation. The remaining lease of 61 years is advantageous, as it aligns with buyer preferences who seek longevity in their investment without the immediate concern of lease decay. Given the ongoing urban development initiatives in the area and Geylang’s appealing mix of amenities and connectivity, this property stands out as a compelling opportunity for prospective buyers and investors alike.