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

The valuation of a 2-room HDB unit 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 indicates a stable market position, as it reflects a 0% difference from the baseline market price. Such stability in price suggests a balanced demand and supply dynamic in the Geylang area, which remains an attractive locale for both investors and first-time buyers.

However, the model confidence for this valuation is classified as low, indicating potential volatility in the local market conditions. With only six recent HDB resale transactions in the vicinity serving as the primary data points for this analysis, the limited transaction volume may contribute to uncertainties in price prediction. Investors should be cognizant of the implications of a 58-year remaining lease, as properties with shorter leases tend to experience varying levels of buyer interest, which can impact future resale value and marketability.