Common Room (HDB) for Rent in 313 Ubi Avenue 1

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 58 years, presents an intriguing case within the current property market landscape. Estimated at $58,366 or $584 PSF, this valuation reflects a market signal that is aligned with the baseline, indicating a stable demand amidst fluctuating property dynamics. The absence of any price difference from the baseline suggests that the property is positioned at a competitive level, potentially attracting first-time buyers or investors looking for opportunities in a vibrant district.

However, the model confidence is rated as low, which necessitates a cautious approach for potential buyers and investors. The valuation is derived from an analysis of six recent HDB resale transactions in the vicinity, emphasizing the importance of localized market trends. With the remaining lease of 58 years, prospective buyers should consider the long-term implications of lease decay, as it could affect future resale values and buyer interest. As Geylang continues to evolve with urban developments, monitoring the area's growth trajectory will be crucial for stakeholders aiming to capitalize on its potential.