Common Room (HDB) for Rent in 2D Upper Boon Keng Road

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 79 years, is estimated at $83,649, translating to a price per square foot (PSF) of $697. This valuation is noteworthy as it reflects a stable market condition, indicated by a market price that shows a 0% difference from the baseline. The model's high confidence level is bolstered by an analysis of 44 recent HDB resale transactions in the vicinity, ensuring that this valuation is grounded in robust and current market data.

In the context of Singapore's dynamic property landscape, the remaining lease of 79 years is significant. Properties with longer leases tend to command higher values, and this factor plays a crucial role in maintaining the property’s desirability and marketability. Geylang, known for its rich cultural tapestry and burgeoning commercial activity, presents a compelling investment opportunity. The equilibrium reflected in the current valuation signals a healthy market where supply and demand are aligned, providing potential buyers with confidence in their investment decisions.