Master Room (HDB) for Rent in 312 Ubi Avenue 1

The valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 58 years, stands at an estimated value of $120,166, translating to a price per square foot (PSF) of $601. This valuation reflects a market price that exhibits a 0% difference from the baseline, indicating a stable demand within the area. The Geylang precinct, known for its vibrant cultural tapestry and strategic proximity to central Singapore, continues to attract both homeowners and investors, thus underpinning the steady pricing observed in this valuation.

However, it is crucial to note that the model confidence associated with this valuation is assessed as low, suggesting that there may be underlying market fluctuations or external factors influencing the recent transactions. The analysis draws on data from 6 recent HDB resale transactions in the vicinity, which provide a foundational insight into current market dynamics. As the remaining lease period is a significant consideration in HDB valuations, potential buyers should be cognizant of the implications of a 58-year lease, particularly concerning future resale potential and financing options. Overall, while the current valuation reflects market equilibrium, the cautious model confidence warrants a discerning approach for prospective investors navigating the Geylang HDB landscape.