Common Room (HDB) for Rent in 2 Haig Road

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 49 years, stands at an estimated value of $84,031, translating to a price per square foot (PSF) of $442. The current market signal indicates no variance from the baseline, reflecting a stable pricing environment for similar properties in the vicinity. This assessment is grounded on three recent resale transactions, providing a comparative backdrop for the valuation.

Despite the steady market signal, the model confidence is categorized as low, suggesting potential volatility in the valuation due to varying external factors. The remaining lease period of 49 years is a significant consideration, as HDB properties typically experience depreciation in value as the lease term shortens. Investors and homeowners should remain cognizant of these dynamics, particularly in a competitive market like Geylang where demand and supply can fluctuate based on broader economic indicators and local developments.