4 Room (4A) HDB for Rent in 114 Bukit Purmei Road

The HDB 4-room unit in Bukit Merah, with a remaining lease of 57 years, is currently valued at approximately $308,244, translating to a price per square foot (PSF) of $474. This valuation reflects the current market dynamics, showing a neutral market signal with a 0% difference from the baseline, indicating stability in pricing amidst fluctuating demand in the surrounding area.

Despite the low model confidence level attached to this valuation, it is derived from a thorough analysis of three recent HDB resale transactions in Bukit Merah. This suggests that while the pricing may appear stable, there are underlying factors at play that warrant close attention. The remaining lease period is relatively significant, as properties with shorter leases often face depreciation in value due to buyer apprehension regarding future lease expiry. However, Bukit Merah's strategic location and community amenities may offer resilience against these concerns, making this property a compelling consideration for potential buyers.