Common Room (HDB) for Rent in 341 Ubi Avenue 1

The HDB 2 Room property located in Geylang, with a remaining lease of 59 years, is currently estimated to hold a value of $110,014, translating to a price per square foot (PSF) of $611. This valuation is particularly noteworthy as it represents a market price that is aligned with the baseline, indicating a stable price position amidst the current real estate climate. The low confidence level associated with this model suggests that the valuation should be approached with caution, given the inherent volatility in the HDB market and the unique characteristics of the Geylang area.

Recent analysis of six HDB resale transactions in close proximity provides a crucial foundation for this valuation. However, the lack of significant price variation from the baseline indicates that demand may be stabilizing, potentially reflecting a broader trend within the market. As urban development continues to evolve in Geylang, factors such as changing demographics, infrastructural improvements, and government policies will play a vital role in influencing future valuations. Thus, while the current estimate is grounded in recent transactional data, stakeholders should remain vigilant to the dynamic elements that can impact the longevity and desirability of HDB properties in this locale.