Terraced House for Room Rent: 53 Belimhing Avenue

The valuation of the HDB 2 Room unit located in the vibrant locale of Geylang, with a remaining lease of 75 years, stands at an estimated value of $81,361, translating to a price per square foot of $678 PSF. This valuation is critical as it reflects a market price that exhibits a 0% difference from the baseline, indicating a stable market condition with no significant fluctuations in value. Such stability is essential for potential investors and current homeowners, as it suggests a balanced demand and supply scenario within this sought-after district.

Our analysis is grounded in a robust data set, encompassing 40 recent HDB resale transactions in the Geylang vicinity. This extensive data provides a high level of model confidence in our valuation, allowing stakeholders to make informed decisions based on empirical evidence. The remaining lease of 75 years further enhances the property's appeal, particularly for young families and first-time buyers looking for affordable yet strategically located housing options in Singapore's dynamic real estate market. Overall, the Geylang HDB unit not only represents a sound investment but also underscores the resilience of the HDB market amidst evolving economic conditions.