Terraced House for Room Rent: Lorong 36 Geylang

The valuation of the 2-room HDB unit in Geylang, with a remaining lease of 75 years, stands at an estimated value of $83,754, translating to a price per square foot (PSF) of $698. This pricing positions the property at a market equilibrium, reflecting a 0% difference from the baseline. Such stability in pricing indicates a well-balanced demand and supply dynamic within the local real estate landscape, suggesting that the property is competitively priced relative to its peers.

The model confidence in this valuation is categorized as high, underpinned by an analysis of 40 recent HDB resale transactions in the vicinity. This robust dataset not only reinforces the credibility of the valuation but also highlights the resilience of the Geylang area as a viable investment choice amidst fluctuating market conditions. The remaining lease of 75 years is particularly noteworthy, as it provides potential homeowners and investors with a significant timeframe to capitalize on property appreciation, thereby enhancing the attractiveness of this HDB unit in a competitive market.