4-Room HDB for Room Rent: 124 Geylang East Avenue 1

The valuation of the 4-room HDB unit located in Geylang, with a remaining lease of 59 years, stands at an estimated value of $53,691, translating to a price per square foot (PSF) of $537. This valuation is particularly notable as it reflects a market price that is consistent with the baseline, indicating a stable market environment for HDB resale transactions in this vibrant precinct.

With a model confidence rating classified as high, this valuation is supported by a robust analysis of 127 recent HDB resale transactions in the vicinity. The stability in pricing suggests that the Geylang area continues to attract interest due to its strategic location and the ongoing urban development initiatives that enhance the livability and appeal of the district. The remaining lease of 59 years also plays a crucial role in the valuation, offering prospective buyers a significant time frame to enjoy the property while navigating the implications of lease decay in future transactions.