4-Room HDB for Room Rent: 8 Haig Road

The valuation of the HDB 4 room property in Geylang, with a remaining lease of 49 years, presents a unique perspective within the current real estate landscape. Priced at an estimated value of $67,013, translating to $447 per square foot, the property reflects a market equilibrium with a notable 0% difference from the baseline pricing. This stability indicates a balanced demand and supply scenario, albeit with a low model confidence level that suggests caution in interpreting these figures.

Recent transactions in the vicinity have provided a limited yet insightful dataset, with only three comparable HDB resale properties influencing this valuation. The low model confidence may be indicative of fluctuating buyer sentiment and the inherent challenges associated with properties nearing the halfway mark of their lease tenure. As potential buyers weigh the implications of a shorter lease against the property’s location and amenities, the dynamics of the Geylang market remain intriguing yet complex. Investors and homeowners alike are encouraged to consider the long-term lease implications as part of their comprehensive decision-making process.