Room (Landed) for Rent in Kembangan Estate

The valuation of the 2-room HDB unit located in Geylang, with a remaining lease of 82 years, stands at an estimated value of $270,862, translating to a price per square foot (PSF) of $677. This valuation places the property at a market price that exhibits a stable equilibrium, with a 0% difference from the baseline. Such stability is indicative of a well-balanced supply-demand dynamic within the HDB market, particularly in a vibrant precinct like Geylang, which is known for its accessibility and diverse amenities.

The model confidence in this valuation is categorized as high, supported by a robust dataset comprising 44 recent HDB resale transactions in the vicinity. This level of confidence suggests that the valuation accurately reflects current market trends and buyer sentiment. As Geylang continues to evolve, with ongoing developments and enhancements in urban infrastructure, properties within this locale are likely to maintain their value, making this HDB unit not only a practical living choice but also a sound investment for the discerning buyer. The longevity of the remaining lease further augments its appeal, ensuring that prospective homeowners can enjoy their residency for many years to come.