5-Room HDB for Room Rent: 108 Bukit Purmei Road

The valuation of the HDB 5 Room property located in Bukit Merah reflects a thorough analysis of current market dynamics and historical transaction data. With an estimated value of $215,566 or $616 PSF, this property is positioned within a competitive landscape, as evidenced by the 0% difference from the baseline market price. This stability indicates a balanced market environment, where demand and supply align favorably, contributing to a high level of confidence in the valuation model.

With a remaining lease of 57 years, this property offers potential buyers a significant tenure that aligns well with the preferences of both local families and investors looking for long-term residence options. The analysis is bolstered by data from 37 recent HDB resale transactions in the vicinity, which enhances the credibility of the estimated value. Overall, this HDB unit not only represents a sound investment opportunity but also exemplifies the enduring appeal of Bukit Merah as a desirable residential enclave in Singapore.