3 Room (3STD) HDB for Rent in 113 Jalan Bukit Merah

The HDB 3 Room property located in Bukit Merah, with a remaining lease of 41 years, carries an estimated value of $209,152, translating to a price per square foot (PSF) of $324. This valuation reflects the current market conditions, which show no significant deviation from the baseline, indicating a stable price environment for similar properties in the region. The market signal of 0% difference suggests that the property is priced accurately according to prevailing trends and expectations.

However, it's essential to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset, with only one recent HDB resale transaction in the vicinity serving as a benchmark. This lack of comprehensive market data may hinder a more robust assessment of the property's value. As the remaining lease period is a critical determinant in the valuation of HDB properties, potential buyers must weigh the implications of a 41-year lease against the dynamics of the local real estate market. In summary, while the valuation appears aligned with current market conditions, prospective buyers should approach with caution, considering the limited transactional evidence and the property’s lease term in their decision-making process.