4 Room (4A) HDB for Rent in 113 Bukit Purmei Road

The HDB 4-room unit located in Bukit Merah, with a remaining lease of 57 years, presents a valuation of $552,671, translating to an estimated price per square foot (PSF) of $484. This valuation reflects a market signal showing zero percent deviation from the baseline, indicating a stable market condition with no significant fluctuations in pricing for similar properties in the area.

However, it is noteworthy that the model confidence for this valuation is categorized as low, suggesting potential variability in the actual market performance. This valuation is derived from an analysis of four recent HDB resale transactions within the vicinity, which provides a limited dataset for a more robust conclusion. The remaining lease of 57 years is a critical factor in the valuation, as properties with shorter leases tend to experience increased buyer caution, potentially influencing both demand and pricing dynamics in the market. As such, prospective buyers and investors should exercise due diligence and consider the implications of lease tenure on their investment strategy.