5 Room (5I) HDB for Sale in 40 Sims Drive

The valuation of the 5-room HDB in Geylang, with a remaining lease of 62 years, stands at an estimated value of $685,899, translating to a price per square foot (PSF) of $514. This valuation is classified as above market, reflecting a significant 22.3% premium compared to baseline figures. Such a disparity in valuation signals a robust demand for properties in this strategic location, which is characterized by its proximity to commercial hubs and vibrant lifestyle amenities.

However, the model confidence is rated as low, based on an analysis of only five recent HDB resale transactions in the vicinity. This limited dataset underscores potential volatility in market conditions and suggests caution for prospective buyers. The dynamics of the Geylang area, including its evolving demographic profile and urban developments, may contribute to this elevated valuation, yet the relatively short lease period remaining could also impact long-term investment viability. Stakeholders should consider these factors carefully when assessing the market potential of this property.