5 Room (5A) HDB for Rent in 115 Bukit Purmei Road

The valuation of the HDB 5-room unit in Bukit Merah, with a remaining lease of 57 years, stands at an estimated value of $636,063, translating to a price per square foot (PSF) of $470. This valuation reflects a market price that is consistent with the baseline, indicating that the property is positioned within the expected range for similar units in the vicinity. The data is underpinned by an analysis of six recent HDB resale transactions, providing a snapshot of current market dynamics.

It is crucial to note the low model confidence associated with this valuation, suggesting that while the estimated value aligns with the prevailing market, there may be underlying fluctuations that could affect future pricing. The remaining lease of 57 years is a significant factor in the overall valuation, as properties with shorter leases may experience a depreciation in value over time. Potential buyers should consider the implications of lease duration alongside market conditions, as these elements play a vital role in determining long-term investment viability.