4-Room HDB for Room Rent: 113 Bukit Purmei Road

The HDB 4 Room property in Bukit Merah, with a remaining lease of 57 years, presents a compelling valuation at an estimated price of $155,553, equating to $724 per square foot (PSF). This valuation is notably aligned with the current market price, reflecting a 0% difference from the baseline, which suggests a stable and balanced demand within the Bukit Merah area. Such stability can be indicative of the neighbourhood's enduring appeal, characterised by its proximity to essential amenities and established infrastructure.

With model confidence rated as high, this valuation draws upon a robust analysis of 500 recent HDB resale transactions in the vicinity, ensuring a comprehensive understanding of the prevailing market dynamics. The current lease remaining is a critical factor, as it influences both buyer sentiment and future resale potential. In a market where leasehold properties are increasingly scrutinised, the 57-year lease, coupled with the HDB's historical resilience in value retention, positions this property as a strategic investment for discerning buyers seeking long-term stability in Singapore's competitive real estate landscape.