Studio Corner Terrace (Landed) for Rent in 63 Wishart Road

The HDB 2-room unit located in Bukit Merah, with a remaining lease of 75 years, is estimated to hold a market value of approximately $197,715, translating to a price per square foot (PSF) of $659. This valuation positions the property at a critical juncture within the local real estate landscape, reflecting a market price that aligns perfectly with the established baseline, indicating a 0% difference. Such equilibrium suggests that the property is neither undervalued nor overvalued, offering a strategic opportunity for both potential buyers and investors in a competitive HDB market.

The model confidence for this valuation is rated as high, drawing from a robust dataset of 58 recent HDB resale transactions in the vicinity. This solid foundation of comparative market analysis underscores the reliability of the estimated value, highlighting the resilience of Bukit Merah as a desirable residential locale. As the HDB lease dynamics continue to evolve, the remaining tenure of 75 years provides potential homeowners and investors a significant window for appreciation, especially in light of the ongoing demand for affordable housing in Singapore's urban settings.