1 Bed Semi-Detached House (Landed) for Rent in Hong Leong Garden

The HDB 2-room unit located in Bukit Merah, with a remaining lease of 54 years, presents a current estimated value of $129,865, reflecting a price per square foot (PSF) of $519. This valuation indicates a stable market position, as it registers a 0% difference from the baseline market price, suggesting that the property is competitively priced relative to recent transactions in the area.

However, it is important to note that the model confidence for this valuation is classified as low, which implies that there may be underlying market dynamics influencing the property’s price stability. The analysis is drawn from six recent HDB resale transactions in the vicinity, which can provide a context for understanding how similar properties are performing. The relatively long remaining lease could attract buyers who are interested in a blend of affordability and potential for future appreciation, yet the lower confidence level may signal caution regarding fluctuations in demand or shifts in buyer preferences within the Bukit Merah locale.