Common Room (HDB) for Rent in 340 Ubi Avenue 1

The valuation of the HDB 2 Room unit in Geylang, with a remaining lease of 59 years, stands at an estimated value of $73,343, translating to a price per square foot (PSF) of $611. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand in this vibrant district. The confidence in this model is rated as medium, suggesting a reasonable degree of reliability based on the most recent data.

Recent analysis of 12 HDB resale transactions in the vicinity reinforces the notion of steady market dynamics. Geylang, known for its rich cultural heritage and strategic location, continues to attract a diverse demographic, maintaining its appeal as a residential choice. As the remaining lease is a crucial factor in HDB valuations, the 59-year lease suggests ample time for potential owners to enjoy their investment, while the lack of price fluctuation indicates a balanced market environment. This stability may present opportunities for investors and homeowners alike, particularly in a landscape where lease length and property condition are paramount.