3 Room (3STD) HDB for Rent in 113 Jalan Bukit Merah

The valuation of the HDB 3 Room unit in Bukit Merah, with a remaining lease of 41 years, stands at an estimated value of $221,852, translating to a price per square foot (PSF) of $343. This valuation reflects a stable market signal, indicating a 0% difference from the baseline price, suggesting that the property is competitively priced within the current market context. The model confidence in this valuation is rated as High, supported by a robust analysis of 71 recent HDB resale transactions in the vicinity, which lends credibility to the current market dynamics.

The remaining lease of 41 years is a significant factor in the overall valuation, as it aligns closely with the preferences of potential buyers who seek long-term occupancy in a central and well-connected location such as Bukit Merah. The area's established amenities and accessibility contribute to a resilient demand for HDB properties, which is reflected in the consistent pricing observed in comparable transactions. As the market evolves, this property presents an attractive opportunity for buyers looking for stability in their investment, backed by a high level of confidence in the current valuation metrics.