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

The valuation of the HDB 3-room 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 valuation reflects the current market conditions, with a notable observation that there is no deviation from the baseline market price, indicating a stable pricing environment for similar properties in the area. The analysis is predicated on four recent resale transactions in the vicinity, which provide a foundational data set for this assessment.

However, it is crucial to highlight that the model confidence for this valuation is categorized as low. This suggests that the current market dynamics may be influenced by external factors that could affect the demand and supply balance in the Bukit Merah area. With a remaining lease of 47 years, potential buyers may weigh the implications of leasehold duration on their long-term investment strategy, particularly in a market that is increasingly sensitive to lease lengths and the associated implications on property desirability and financing options.