3 Room (3I) HDB for Sale in 2 Jalan Bukit Merah

The HDB 3-room property located in Bukit Merah is currently estimated at a value of $331,330, translating to a price per square foot (PSF) of $489. This valuation positions the property above the market norm by approximately 17.4%, indicating a premium that may be attributed to its strategic location and potential demand in the area. With a remaining lease of 47 years, the valuation reflects a balancing act between the property’s current appeal and its long-term leasehold implications, which are critical factors in the HDB market dynamics.

However, it is important to note that the model confidence for this valuation is classified as low, suggesting that the estimate is subject to significant market fluctuations and uncertainties. The analysis is derived from three recent HDB resale transactions in the vicinity, which may not fully encapsulate broader market trends or shifts in buyer sentiment. As such, prospective buyers and investors should exercise caution and consider both the potential upside and the inherent risks associated with properties that possess shorter remaining leases.