Terraced House for Room Rent: Renovated Master Bedroom, 2nd Floor, Landed Terrace on Macpherson

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 43 years, is estimated at $79,232, reflecting a price per square foot (PSF) of $396. This valuation signals a stable market condition, evidenced by a 0% difference from the baseline market price, indicating that the property is currently priced competitively within the local market. The high model confidence further strengthens the reliability of this valuation, supported by the analysis of 44 recent HDB resale transactions in the vicinity.

As Geylang continues to evolve as a vibrant neighborhood, the dynamics of its property market are influenced by various factors, including its strategic location and ongoing urban development initiatives. The remaining lease of 43 years is a critical aspect for potential buyers, as it aligns with the typical preferences of HDB purchasers who seek longevity and stability in their investment. This valuation not only reflects the current market sentiment but also underscores the importance of understanding lease dynamics in the context of Singapore's real estate market, where leasehold properties can face unique challenges and opportunities.