Common Room (HDB) for Rent in 142 Potong Pasir Avenue 3

The valuation of the HDB 2 Room unit in Geylang, with a remaining lease of 57 years, stands at an estimated value of $88,570, translating to a price per square foot (PSF) of $590. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand within the local real estate landscape. The data draws from six recent HDB resale transactions in the vicinity, providing a contextual foundation for this assessment.

However, it is crucial to note the model confidence is categorized as low, suggesting that while the figures are based on recent transactions, there may be underlying market dynamics that could influence future valuations. The remaining lease of 57 years also plays a significant role in the property’s appeal, as buyers often consider the implications of lease duration on long-term investment potential. Geylang, known for its vibrant culture and strategic location, may continue to attract interest despite the lease concerns; thus, investors should remain vigilant of evolving market trends that could impact the future value of this asset.