Common Room (HDB) for Rent in 29 Kelantan Road

The valuation of this HDB 2-room unit located in the Central Area, with a remaining lease of 50 years, stands at an estimated value of $77,262, translating to a price per square foot (PSF) of $552. This valuation reflects a market signal indicating no deviation from the baseline price, suggesting that the property is aligning closely with current market expectations for similar units in the vicinity.

Despite the stable pricing, it is important to note the model confidence is classified as low, indicating potential volatility in the market dynamics. The valuation is based on three recent HDB resale transactions in the area, which serve as a comparative benchmark. The remaining lease of 50 years is a critical factor influencing buyer sentiment and future resale potential, as properties with shorter leases may experience diminished demand, particularly in a competitive market. As such, investors and homeowners alike should consider the long-term implications of lease duration on property value and marketability in this central location.