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

The valuation of the 2-room HDB unit located in Geylang, with a remaining lease of 58 years, stands at an estimated value of $60,083, translating to a price per square foot of $601. This valuation aligns closely with the baseline market price, indicating a 0% deviation, which suggests a stable market sentiment for properties in this segment. The analysis draws on six recent HDB resale transactions in the vicinity, providing a baseline for comparative insights and reinforcing the credibility of the assessed value.

However, it is imperative to note the model confidence level is classified as low, highlighting potential uncertainties in market dynamics that could influence future transactions. The remaining lease of 58 years also poses considerations for prospective buyers, particularly in terms of long-term investment viability and the implications of lease decay. As the Geylang area continues to evolve, factors such as urban redevelopment and demographic shifts may play a critical role in shaping the local HDB market landscape, thus warranting careful monitoring and strategic foresight for stakeholders.