Room (HDB) for Rent in 66 Kallang Bahru

The valuation of the 2-room HDB unit located in the vibrant precinct of Geylang, with a remaining lease of 47 years, stands at an estimated value of $52,248, translating to a price per square foot (PSF) of $402. This valuation reflects a stable market signal, exhibiting no deviation from the baseline market price. Such a scenario indicates a balanced demand and supply equilibrium within the local HDB resale market, a crucial insight for potential buyers and investors alike.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset consisting of only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales may introduce variability in the valuation and suggests a cautious approach for stakeholders considering entry into this segment. The enduring lease of 47 years, while substantial, may also influence buyer sentiment, particularly as the property approaches its mid-lease period. Thus, it is essential for interested parties to weigh these lease dynamics alongside market trends to make informed decisions that align with their investment strategies.