3-Room HDB for Room Rent: 124 Bukit Merah Lane 1

The valuation of the HDB 3-room unit located in Bukit Merah, with a remaining lease of 51 years, stands at an estimated value of $49,531, translating to an indicative price per square foot (PSF) of $413. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting a stable pricing environment for HDB properties in the area. Such stability can be attributed to consistent demand coupled with a limited supply of resale units, positioning this property as a competitive offering in the current market landscape.

The model's confidence in this valuation is markedly high, bolstered by an analysis of 164 recent HDB resale transactions within the vicinity. This robust data set underscores the reliability of the estimated value, aligning with prevailing market trends. As Bukit Merah continues to evolve as a sought-after residential enclave, the remaining lease of 51 years presents a unique dynamic; potential buyers may consider the longevity of occupancy against the backdrop of future urban developments, thereby influencing their purchasing decisions. Overall, this HDB unit exemplifies the intersection of value, market stability, and the intrinsic appeal of living in a vibrant community.