Bungalow for Room Rent: Pasir Panjang

The HDB 2-room unit located in Bukit Merah, with a remaining lease of 79 years, is currently valued at an estimated $169,580, translating to a price per square foot (PSF) of $678. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand in the area. The model confidence is rated as high, bolstered by an analysis of 59 recent HDB resale transactions in the vicinity, which confirms the robustness of this valuation.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 79 years is a significant factor, as properties with longer leases tend to attract more interest from buyers. The Bukit Merah locality remains a sought-after area, with its strategic location and accessibility contributing to the resilience of property values. The consistency in market price signals a balance between supply and demand, suggesting that prospective buyers can consider this HDB unit as a viable investment option. With high model confidence, this valuation is supported by comprehensive market data, reinforcing the appeal of this property in a competitive market.