Room (HDB) for Rent in 121 Paya Lebar Way

The recent valuation of the HDB 2-room unit located in Geylang, with a remaining lease of 75 years, stands at an estimated value of $203,403, translating to a price per square foot (PSF) of $678. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a stable demand amidst the current economic landscape. The confidence in this model is rated as high, bolstered by the analysis of 40 recent HDB resale transactions within the vicinity, which serve to affirm the accuracy of this estimate.

In the context of Singapore's real estate market, Geylang has been a focal point of interest due to its unique blend of residential and commercial offerings. As such, the remaining lease of 75 years on this property is a critical factor, as it positions the unit favorably for potential buyers who value longevity in tenure without the immediate concerns associated with shorter leases. The current market dynamics suggest that demand remains steady, providing a robust environment for property transactions in this area. As Geylang continues to evolve, this HDB unit stands as a prime opportunity for those looking to invest in a well-situated asset with strong market fundamentals.