Common Room (HDB) for Rent in 24 Balam Road

The HDB 2 Room unit located in Geylang, with a remaining lease of 40 years, has been appraised at an estimated value of $54,496, translating to a price per square foot (PSF) of $363. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand in the area. The stability in pricing is particularly noteworthy given the current economic climate and the broader trends affecting the real estate market in Singapore.

Analyzing the market dynamics, the model confidence for this valuation is categorized as medium, based on insights drawn from 17 recent HDB resale transactions in the vicinity. This suggests a balanced level of market activity, where the properties are being transacted within a consistent pricing range. The remaining lease of 40 years is a crucial factor for potential buyers, as it influences both the investment appeal and the long-term viability of the property. Investors and homeowners alike should consider the implications of lease duration on property value and resale potential, particularly in a vibrant district like Geylang that is characterized by its eclectic mix of culture and accessibility.