3 Room (3NG) HDB for Rent in 107 Bukit Purmei Road

The HDB 3 Room property located in Bukit Merah, with a remaining lease of 57 years, presents an estimated value of $345,285, translating to a price per square foot (PSF) of $479. This valuation aligns closely with the market baseline, showing a 0% difference, which indicates that the property is currently positioned at a stable price point within the local context. The low market signal suggests a cautious approach from buyers, reflective of the broader economic landscape and the evolving dynamics of the HDB resale market in Singapore.

Despite the stability in pricing, the model confidence is rated as low, primarily influenced by the limited dataset of 7 recent HDB resale transactions in the vicinity. This scarcity of data can lead to fluctuations in perceived value, particularly as the remaining lease term of 57 years may influence buyer sentiment and investment decisions. In a market where leasehold properties are increasingly scrutinized, the impact of the remaining lease on future resale potential cannot be understated. As such, stakeholders should consider both the current valuation and the long-term implications of lease duration when making informed decisions regarding this property.