Bungalow for Room Rent: Koon Seng Road

The valuation of the HDB 4 Room property in Geylang, with a remaining lease of 75 years, stands at an estimated value of $499,056, translating to a price per square foot (PSF) of $832. This valuation is particularly noteworthy as it reflects a market price that shows a 0% difference from the established baseline, indicating a stable market condition for HDB properties in this vibrant locale. Such stability is crucial for potential buyers and investors, as it suggests a balanced demand and supply scenario within the Geylang area.

Our analysis is underpinned by a robust dataset, incorporating insights from 497 recent HDB resale transactions in the vicinity. This extensive data pool enhances our model's confidence rating, which is categorized as high. The longevity of the remaining lease is an essential factor in the valuation, as properties with longer leases typically command higher market interest and value retention. Thus, the Geylang property not only presents a competitive price point but also reflects the underlying strength of the HDB market in Singapore, characterized by its resilience and steady appreciation potential.