Common Room (Landed) for Rent in Hong Leong Garden

The valuation of the HDB 2-room unit in Bukit Merah, with a remaining lease of 54 years, stands at an estimated value of $72,535, equating to $484 PSF. This valuation reflects a significant alignment with the current market dynamics, as indicated by the observed market price showing a 0% difference from the baseline. Such stability suggests a well-balanced demand and supply within this segment of the HDB market, reinforcing the unit's valuation and its attractiveness to potential buyers.

Our analysis is grounded in a robust dataset comprising 59 recent HDB resale transactions in the immediate vicinity, which substantiates our confidence in this valuation at a high model confidence level. The Bukit Merah area, known for its strategic location and community amenities, continues to foster a resilient property market, particularly for HDB units with reasonable lease durations. As the remaining lease slightly surpasses the typical threshold, it remains appealing to first-time homebuyers and investors seeking affordable entry points into the Singapore real estate market.