Common Room (HDB) for Rent in 109 Lengkong Tiga

The valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 61 years, reflects an estimated value of $75,829, translating to $632 per square foot. This figure indicates a stable market position, showing a 0% difference from the baseline price, which suggests that the property is currently aligned with prevailing market trends. Such stability could be attributed to Geylang's unique allure as a vibrant neighborhood, known for its rich cultural tapestry and bustling lifestyle, making it an attractive choice for both homeowners and investors.

However, the model confidence in this valuation is noted as low, derived from an analysis of just six recent resale transactions in the immediate vicinity. This limited data set may indicate potential volatility in market dynamics, suggesting that buyers should exercise caution. Factors influencing market conditions include local demand fluctuations, macroeconomic trends, and the aging lease structure of the property. As such, stakeholders should remain vigilant and informed, ensuring that their investment decisions are guided by both quantitative data and qualitative insights into the evolving landscape of Singapore's real estate market.