Common Room (HDB) for Rent in 45 Circuit Road

The valuation of the HDB 2 Room unit in Geylang, with a remaining lease of 42 years, stands at an estimated value of $42,657, translating to a price per square foot (PSF) of $427. This valuation reflects a market price that is in equilibrium with the baseline, indicating no significant deviation in pricing trends for similar properties in the area. The stability in valuation suggests a consistent demand for HDB units in this locale, despite the inherent depreciation associated with the remaining lease period.

However, it is essential to note that the model confidence for this valuation is classified as low. This classification arises from the limited dataset, which is based on only three recent HDB resale transactions in the vicinity. Such a small sample size may not fully capture the nuances of the local property market dynamics, and potential buyers should exercise caution when interpreting these figures. As the remaining lease continues to diminish, the interplay between lease tenure and property value will likely remain a critical consideration for investors and homeowners alike in this evolving market landscape.