5-Room HDB for Room Rent: 120 Bukit Merah View

The valuation of the 5-room HDB unit in Bukit Merah, with a remaining lease of 45 years, stands at an estimated value of $86,816, translating to a price per square foot (PSF) of $579. This valuation reflects a market signal that is in alignment with the baseline, indicating no significant deviation in price trends within the locality. The stability in the valuation suggests a consistent demand for HDB units in the Bukit Merah area, which is characterized by its strategic location and accessibility to essential amenities.

However, it is important to note that the model confidence for this valuation is categorized as low. This is primarily based on the analysis of only three recent HDB resale transactions in the vicinity, which may not provide a robust dataset for a comprehensive market assessment. The remaining lease of 45 years could also impact buyer sentiment, particularly as potential homeowners weigh the implications of lease duration on future investment value. Overall, while the current valuation appears stable, prospective buyers should consider the dynamics of the leasehold property market and the inherent risks associated with shorter lease tenures.