Common Room (HDB) for Rent in 45 Sims Drive

The valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 50 years, stands at an estimated value of $59,197, translating to a price per square foot (PSF) of $493. This valuation reflects a market price that is aligned with the baseline, indicating a neutral market signal where demand and supply are currently in equilibrium. The stability of this price point suggests that potential buyers may find the investment appealing, given the established demand for HDB properties in this vibrant enclave of Singapore.

However, it is crucial to note that the model confidence for this valuation is classified as low, which may stem from the limited dataset available for analysis. Based on only three recent HDB resale transactions in the vicinity, there remains a degree of uncertainty surrounding the robustness of this valuation. The remaining lease of 50 years is a significant factor to consider, as properties with shorter leases typically experience fluctuations in demand and pricing stability. As market dynamics continue to evolve, potential investors should remain vigilant regarding the implications of leasehold duration on property value, particularly in a competitive market such as Geylang.