1 Bed Semi-Detached House (Landed) for Rent in Hong Leong Garden

The valuation of the HDB 2 Room unit in Bukit Merah, with a remaining lease of 54 years, currently stands at an estimated value of $129,865, translating to a price per square foot of $519. This valuation reflects a market signal indicating no significant deviation from the baseline, suggesting a stable demand for HDB properties in this area. The proximity to essential amenities and public transport routes contributes to the resilience of property values in Bukit Merah, despite the relatively shorter remaining lease compared to other HDB options in Singapore.

However, it is important to note that the model confidence for this valuation is classified as low, based on the analysis of only six recent HDB resale transactions in the vicinity. This limited data set may not adequately capture the broader market trends and fluctuations that can influence property values, particularly in a dynamic market such as Singapore’s. Investors and potential buyers should approach this valuation with a discerning eye, recognizing the impact of lease duration on long-term investment viability and rental yield potential in the evolving landscape of HDB properties.