Common Room (HDB) for Rent in 19 Balam Road

The valuation of the HDB 2 Room unit in Geylang, with a remaining lease of 40 years, stands at an estimated value of $36,331, translating to a price per square foot (PSF) of $363. This valuation reflects a market price that is in alignment with the baseline, indicating a stable market condition with a 0% variance. Such consistency in pricing suggests that the property is currently positioned well within the local market dynamics, providing a reliable option for buyers seeking to invest in this vibrant district.

In analyzing the broader market signals, it is essential to consider the data derived from 17 recent HDB resale transactions in the vicinity. This sample bolsters the model confidence to a medium level, indicating a reasonable degree of reliability in the valuation despite potential fluctuations in demand and supply. The remaining lease of 40 years is a critical factor that influences both buyer sentiment and investment potential, as properties with shorter leases may experience diminishing interest over time. However, Geylang's appeal as a highly sought-after locale continues to attract attention, thereby sustaining the value of such HDB units amidst ongoing urban development and regeneration efforts in the area.