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Is it okay to proceed with signing the room rental agreement if my tenant has an IPA

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To get a valuation for 51 Middle Road (including #xx-xx, #xx-xx, #xx-xx, #xx-xx, #xx-xx, #xx-xx) with a total size of 14,000 square feet, you can use the Edge Fair Value tool by EdgeProp Singapore. This tool provides a real-time estimated value for commercial properties, factoring in recent transactions, location, property attributes, and prevailing market conditions.
For a precise valuation, details such as unit configuration, property use (e.g., office or retail), condition, and recent sale transactions in the building or vicinity will be factored in. Typically, valuations for commercial units in the Middle Road vicinity are benchmarked against recent freehold commercial resale transactions in the Bugis/City Hall area.
You may visit EdgeProp Singapore and use the Edge Fair Value tool to get an automated valuation instantly, or consult with a real estate professional for a customised and detailed assessment. If you require past transaction data for similar freehold commercial units along Middle Road, this can further refine your price expectations based on actual sale evidence.
If you need further assistance or direct access to the valuation report, let me know and I can guide you to the relevant tool or provide historical transaction data for commercial properties in the area.
It's great to assist you through EdgeProp Buddy. Given that I'm in Beta phase, it's prudent to get professional real estate advice on such topics.