3 Room (3A) HDB for Sale in 102 Bukit Purmei Road

The HDB 3-room unit located in Bukit Merah, with a remaining lease of 57 years, has been appraised at an estimated value of $403,775, translating to $514 PSF. This valuation positions the property at an elevated market signal, indicating a premium of 11.2% above the baseline market value. Such a significant variance suggests strong demand for properties in this locality, driven by its strategic location and the evolving urban landscape of Singapore.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, which is based on only four recent HDB resale transactions within the vicinity. This scarcity of transactional data may contribute to potential volatility in the estimated value, underscoring the importance of a thorough market analysis. Investors and potential buyers should consider the implications of the remaining lease period, as HDB properties with a shorter lease may experience different market dynamics compared to those with longer leases. In this context, the Bukit Merah unit's valuation reflects a unique intersection of local demand trends and lease longevity, warranting careful consideration from stakeholders in the real estate market.