Common Room (HDB) for Rent in 59C Geylang Bahru

The valuation of the 2-room HDB unit in Geylang, with a remaining lease of 70 years, stands at an estimated value of $106,355, translating to $665 per square foot (PSF). This valuation is indicative of a stable market, as it reflects a 0% difference from the baseline market price, signaling that the property is currently positioned at an equilibrium state in the local HDB resale market. Our analysis is backed by robust data, drawing insights from 40 recent HDB resale transactions in the vicinity, ensuring a high level of confidence in this valuation.

The Geylang area, known for its vibrant atmosphere and strategic location, continues to attract potential buyers despite the longer lease remaining on this property. The strong model confidence reflects not only the consistency of recent transactions but also the resilience of the Singapore HDB market, particularly in areas with significant demand. As potential buyers weigh their options, the 70-year lease remains an essential consideration, balancing affordability with long-term investment prospects in a highly sought-after locale.