Common Room (HDB) for Rent in 311 Ubi Avenue 1

The valuation of the 4-room HDB unit in Geylang, with a remaining lease of 58 years, presents a compelling case for prospective buyers and investors alike. Priced at an estimated value of $101,317, translating to $675 per square foot, this property is positioned at par with the market baseline, indicating a stable demand amidst a balanced supply in the area. The model confidence level is categorized as high, reflecting robust analytical rigor based on 500 recent HDB resale transactions within the vicinity, which lend credibility to this valuation.

In the context of Singapore's real estate landscape, Geylang is known for its dynamic market, characterized by diverse demographics and a mix of residential and commercial properties. The remaining lease of 58 years is a critical factor to consider, as it aligns with the typical lifespan expectations for HDB properties, allowing potential homeowners sufficient time to benefit from the property before lease expiry. This valuation also underscores the resilience of the HDB market in Geylang, where prices have shown stability despite broader economic fluctuations, suggesting a sustained interest from both first-time buyers and investors seeking long-term growth.