3 Room (3I) HDB for Sale in 137 Jalan Bukit Merah

The HDB 3 room unit in Bukit Merah, with a remaining lease of 47 years, is currently valued at approximately $239,561, translating to a price per square foot (PSF) of $377. This valuation is notably above the market average, reflecting a substantial 50.3% premium when compared to the baseline established by recent comparable sales in the area. Such a significant discrepancy suggests a strong demand for properties in this locale, likely driven by Bukit Merah's strategic location and accessibility to key amenities.

However, it is essential to note that the model confidence for this valuation is categorized as low, indicating potential variability and uncertainty in the estimations drawn from the limited dataset of only four recent HDB resale transactions in the vicinity. Factors contributing to this uncertainty may include fluctuations in buyer sentiment, the unique characteristics of the property itself, and broader economic conditions affecting the real estate market. As the remaining lease period is 47 years, prospective buyers should also consider the implications of leasehold properties on future resale potential and overall investment value.