3 Room (3I) HDB for Rent in 28 Jalan Bukit Merah

The HDB 3-room unit located in Bukit Merah, with a remaining lease of 40 years, is currently valued at an estimated $213,873, translating to a price per square foot (PSF) of $315. This valuation reflects a stable market condition, as indicated by a 0% difference from the baseline price, suggesting that this property is aligned with current market expectations. The valuation is underpinned by a medium confidence level, derived from an analysis of 15 recent HDB resale transactions in the vicinity, which provides a robust data set for comparative assessment.

In the context of the current property market dynamics, HDB units in Bukit Merah are witnessing stable demand, further supported by the area's strategic location and accessibility. The remaining lease period of 40 years is a critical factor for prospective buyers, as it influences long-term investment potential and financing options. As such, while the valuation reflects the current market equilibrium, it also underscores the importance of lease tenure in shaping buyer sentiment and pricing strategies in the HDB resale market.