Common Room (HDB) for Rent in 114 Potong Pasir Avenue 1

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 57 years, presents a nuanced perspective on the current market dynamics. Estimated at $34,416, equating to a price per square foot (PSF) of $574, this valuation aligns with the baseline market price, indicating a stable but cautious sentiment among potential buyers and investors. The fact that there is a 0% difference from the baseline suggests that the market is currently in equilibrium, reflecting a balance between supply and demand, albeit with a noted low model confidence due to the limited dataset of only six recent resale transactions in the vicinity.

As Geylang continues to evolve as a vibrant residential district, the longevity of the remaining lease becomes a vital consideration for prospective homeowners. With 57 years left, buyers may weigh the implications of leasehold properties against the backdrop of Singapore's ongoing urban development and policy considerations. Given the low model confidence, it is prudent for stakeholders to closely monitor future market movements and trends, as external factors such as economic shifts and government housing policies could significantly influence the valuation landscape moving forward.