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

The valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 43 years, stands at an estimated value of $79,232, equating to $396 per square foot. This valuation reflects a stable market price, demonstrating a 0% difference from the baseline. Such stability suggests a well-balanced demand and supply dynamic in the area, which has been corroborated by an analysis of 44 recent HDB resale transactions in the vicinity. The high model confidence rating indicates a robust assessment, relying on consistent market trends and historical data.

Geylang, known for its vibrant cultural tapestry and strategic location, continues to attract interest from a diverse range of buyers, including young professionals and families seeking affordable housing options. The remaining lease of 43 years, while shorter than units with longer leases, remains competitive in this micro-market, particularly given the current socio-economic factors influencing property choices in Singapore. As such, the valuation not only reflects the property’s intrinsic worth but also underscores the broader market dynamics at play, making it an insightful consideration for potential investors and homeowners alike.