Common Room (HDB) for Rent in 313 Ubi Avenue 1

The valuation of the HDB 2-room unit in Geylang, with a remaining lease of 58 years, stands at an estimated value of $58,366, translating to a per square foot (PSF) rate of $584. This valuation reflects the current market dynamics in the area, with the property showing a 0% difference from the baseline market price. Such stability in value suggests that the property is in line with the prevailing trends in the Geylang district, which is characterized by a mix of residential and commercial developments.

However, it is essential to note that the model confidence for this valuation is assessed as low, indicating a degree of uncertainty in the estimation. This uncertainty may stem from various factors, including the limited number of recent transactions—only six HDB resale transactions have been recorded in the vicinity. Investors and prospective buyers should exercise caution and consider the potential implications of the remaining lease period, as properties with shorter leases can face greater valuation volatility. In summary, while this HDB unit offers an appealing entry point into the Geylang market, careful consideration of market signals and lease dynamics is essential for informed decision-making.