3 Room (3A) HDB for Rent in 109 Bukit Purmei Road

The HDB 3-room unit located in Bukit Merah, with a remaining lease of 57 years, has been valued at approximately $440,809 or $551 PSF. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand for properties in this area. The consistent pricing signals a balanced market where buyers and sellers are currently reaching a consensus on value, despite external economic factors.

However, it is essential to note that the model confidence is classified as low, which suggests significant variability in the valuation due to the limited data pool. This assessment is based on just two recent HDB resale transactions in the vicinity, making it imperative for potential buyers and investors to approach this valuation with caution. The remaining lease of 57 years is a critical factor that may impact future resale prospects and the overall investment appeal of the property, especially as it approaches the halfway mark of its lifespan.