Common Room (HDB) for Rent in 23 Balam Road

The valuation of this HDB 2-room unit in Geylang, with a remaining lease of 40 years, stands at an estimated value of $42,340, translating to a price per square foot (PSF) of $353. This valuation reflects a market price that is in alignment with the baseline, indicating a stable demand for HDB properties in this vibrant locality. Geylang, known for its rich cultural tapestry and convenient access to amenities, continues to attract a diverse demographic, reinforcing the resilience of its property market.

The model confidence for this valuation is classified as high, underpinned by an analysis of 20 recent HDB resale transactions in the vicinity. This robust dataset suggests a consistent trend in pricing, suggesting that potential buyers can engage with a high degree of certainty regarding the investment's stability. The absence of any significant deviation from the baseline price further emphasizes the equilibrium in the market, highlighting a balanced interplay between supply and demand dynamics in this segment.