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

The HDB 3-room property located in Bukit Merah, with a remaining lease of 40 years, presents a compelling valuation of approximately $216,511, which equates to a price per square foot (PSF) of $318. This valuation indicates a stable market price, reflecting a 0% difference from the baseline. Such stability suggests that the local real estate market in Bukit Merah is currently maintaining equilibrium, with demand closely matching supply for similar properties in the region.

Our analysis, based on 15 recent HDB resale transactions in the vicinity, indicates a medium confidence level in this valuation, underscoring the importance of ongoing market dynamics. The remaining lease period of 40 years is a critical factor, as it may influence both buyer sentiment and future resale potential. As the property market in Singapore continues to evolve, the 40-year lease will increasingly play a role in determining investment attractiveness, particularly among first-time buyers and those seeking long-term residency. The resilience of the Bukit Merah area, combined with its strategic location and amenities, positions this property favorably within the current landscape of Singapore's HDB market.