3 Room (3I) HDB for Sale in 2 Jalan Bukit Merah

The valuation of the HDB 3 Room unit located in Bukit Merah, with a remaining lease of 40 years, stands at an estimated value of $281,983, translating to a price per square foot (PSF) of $416. This valuation is significantly above the market baseline, reflecting a striking 41.9% premium compared to comparable properties in the vicinity. Such a divergence from the baseline value signals a unique property position within the Bukit Merah locality, which is characterized by its strategic connectivity and vibrant community amenities.

However, it is important to note that the model confidence for this valuation is categorized as low. The assessment is based on only three recent HDB resale transactions in the area, which may not fully encapsulate the broader market dynamics. Factors such as the remaining lease period and the limited availability of similar units could contribute to this inflated valuation. Investors and potential buyers should consider these dynamics carefully, weighing the implications of lease duration and the potential for future market fluctuations as they deliberate on this investment opportunity.