Common Room (HDB) for Rent in 16 Upper Boon Keng Road

The valuation of the 4-room HDB property in Geylang, with an estimated value of $44,750 and a price per square foot (PSF) of $559, provides a clear reflection of the current market dynamics in this vibrant precinct. With a remaining lease of 48 years, this property is positioned strategically within a district known for its robust demand and diverse demographic appeal. The valuation is notably aligned with the market price, indicating a zero percent difference from the baseline, which suggests a stable market environment and consistent buyer sentiment in the area.

Based on a comprehensive analysis of 496 recent HDB resale transactions in the vicinity, the model confidence in this valuation is categorized as high. This level of confidence underscores the reliability of the data and the strong demand for HDB properties in Geylang. As the market continues to evolve, the interplay of lease duration and pricing strategies will remain critical for potential investors and homeowners alike. The 48-year remaining lease provides ample opportunity for value appreciation as Geylang continues to attract both local and foreign interest, thus enhancing the long-term investment potential of this property.