Room (Landed) for Rent in Happy Mansion

The valuation of this two-room HDB unit in Geylang, with a remaining lease of 50 years, stands at an estimated value of $118,699, translating to a price per square foot (PSF) of $475. This valuation reflects a stable market signal, with no deviation from the baseline price, suggesting that the property is priced at market equilibrium. The high model confidence rating indicates a robust analytical foundation, derived from an extensive review of 40 recent HDB resale transactions in the vicinity, thus reinforcing the reliability of the valuation.

In the context of Singapore's dynamic property landscape, the remaining lease period is a critical factor influencing buyer sentiment and investment decisions. Properties with a substantial lease remaining tend to attract more interest, especially in well-established neighborhoods like Geylang, where demand persists despite fluctuations in the broader market. The current valuation suggests that this unit is positioned favorably within the local market, reflecting both the desirability of the location and the ongoing demand for HDB properties in the area.