3 Bed Bungalow (Landed) for Rent in Ocean Drive

The HDB 4 Room property located in the highly coveted Bukit Merah area has been appraised at an estimated value of $6,691,864, translating to a premium rate of $934 PSF. With a remaining lease of 75 years, this property not only reflects the enduring desirability of the region but also showcases the robust demand for HDB units in this locale. The valuation is particularly noteworthy, as it aligns perfectly with the market baseline, indicating a 0% difference from baseline and suggesting a stable market environment.

Our analysis is underpinned by a comprehensive examination of 500 recent HDB resale transactions within the vicinity, reinforcing the model's confidence level as high. The steady demand and limited supply dynamics within Bukit Merah contribute significantly to this valuation, as buyers continue to be drawn to the area's strategic location and community amenities. With the remaining lease period still considerable, this property is positioned as an attractive investment for both owner-occupiers and investors alike, ensuring its value is likely to remain resilient in the face of evolving market conditions.