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 $72,776, translating to a price per square foot (PSF) of $485. This valuation reflects a stable market position, as indicated by the 0% difference from the baseline market price. Such stability is crucial in understanding the overall health of the HDB resale market in this region, particularly given the unit's remaining lease duration, which can significantly influence buyer sentiment and investment potential.

With model confidence rated as high and based on a robust analysis of 58 recent HDB resale transactions in the vicinity, this valuation signals a consistent demand for HDB properties in Bukit Merah. The remaining lease of 54 years, while not exceedingly short, positions this unit as an attractive option for buyers looking for affordability within a vibrant neighborhood. As market dynamics continue to evolve, monitoring lease lengths and their impact on property desirability will be essential for prospective investors and homeowners alike.