Master Room (HDB) for Rent in 2 Haig Road

The valuation of the HDB 2-room unit located in the vibrant precinct of Geylang reflects a current estimated value of approximately $88,454, translating to a price per square foot of $442. This valuation, derived from an analytical assessment of three recent resale transactions in the vicinity, indicates a market price that has remained stable, showing a 0% difference from the baseline values. This stability suggests that the property is positioned within a balanced market, where demand and supply dynamics are currently in equilibrium.

However, it is essential to note that the property has a remaining lease of 49 years, which introduces a layer of complexity into the valuation. The diminishing lease term may influence buyer sentiment and potential investment returns, particularly in a market that increasingly favors properties with longer leases. Furthermore, the model confidence for this valuation is categorized as low, signifying that while the data suggests stability, there may be underlying factors or market fluctuations that could impact future valuations. As such, potential investors should remain vigilant and consider the broader market trends and leasehold implications when evaluating this property.