Conservation House for Room Rent: Ceylon Road near Marine Parade MRT.

The valuation of the HDB 2-room unit located in the Central Area is currently estimated at $84,334, translating to a price per square foot of $675. This figure reflects a market price that shows no deviation from the baseline, indicating a stable pricing environment. The property benefits from a remaining lease of 75 years, which positions it favorably within the current market landscape, as longer leases tend to attract buyers looking for longevity in their investment. Given the strategic location in the Central Area, this unit not only provides a comfortable living space but also potential appreciation in value over time.

The analysis is grounded in data from 15 recent HDB resale transactions in the vicinity, providing a robust basis for the estimated value. The model confidence level is categorized as medium, suggesting a moderate degree of certainty in the valuation despite the inherent variability in property prices influenced by market demand and economic conditions. As the Singapore real estate market continues to evolve, the stability reflected in this valuation signals a positive outlook for similar properties in the area, particularly those with extended lease tenures that appeal to both investors and owner-occupiers alike.