3-Room HDB for Room Rent: 28 Jalan Bukit Merah

The valuation of the HDB 3 Room unit located in Bukit Merah, with a remaining lease of 40 years, has been estimated at $31,452, equating to a price per square foot of $315. This valuation reflects the current market price, indicating a stable demand and supply equilibrium within the local HDB resale market. The absence of any deviation from the baseline price suggests a well-balanced market condition, where buyer sentiment is matched closely with seller expectations.

Analyzing the recent transactions in the vicinity, comprising 15 comparable HDB resale units, provides a solid foundation for this valuation. The medium model confidence suggests that while the estimate is backed by data, fluctuations in market dynamics could influence future valuations. Furthermore, the remaining lease of 40 years is a critical factor, as it positions the property within a segment that is increasingly scrutinized by potential buyers. As the lease period diminishes, it may impact buyer perception and desirability, making it essential for stakeholders to remain vigilant on evolving market trends and leasehold dynamics.