1 Room HDB for Rent in 123 Bukit Merah Lane 1

The valuation of the HDB 1 Room unit in Bukit Merah, with an estimated value of $366,272 and a price per square foot (PSF) of $610, reflects a stable market position with a 0% difference from the baseline. This suggests that the property is currently priced in line with market expectations, indicating a balanced demand and supply scenario in the vicinity. The remaining lease of 54 years is a crucial factor, as properties with shorter leases can typically experience a decline in buyer interest and valuation, yet this particular unit appears resilient amidst these dynamics.

The model confidence for this valuation is categorized as medium, which implies a reasonable degree of reliability, although it is essential for potential buyers and investors to conduct further due diligence. The analysis is grounded in data from 18 recent HDB resale transactions in the area, providing a solid basis for understanding the local market trends. As such, stakeholders should consider both the remaining lease term and prevailing market conditions when evaluating this property, as these elements will significantly influence future appreciation potential and investment viability.