3 Room (3I) HDB for Rent in 137 Jalan Bukit Merah

The valuation of the 3-room HDB unit in Bukit Merah, with a remaining lease of 47 years, stands at an estimated value of $239,561, translating to a price per square foot (PSF) of $377. This figure aligns closely with the current market price, reflecting a 0% difference from the baseline. Such stability in pricing suggests a balanced market dynamic, where demand and supply are relatively aligned for properties of this nature in the Bukit Merah locale.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating potential volatility and uncertainty in the current market conditions. The valuation is informed by four recent HDB resale transactions in the vicinity, which may not provide a comprehensive representation of broader market trends. As such, prospective buyers and investors should remain vigilant and consider the implications of the remaining lease term, as properties with shorter leases may face increasing scrutiny from lenders and buyers alike, potentially affecting future resale value.