Corner Terrace for Room Rent: Landed Master Room @ Pasir Panjang

The HDB 2-room property located in Bukit Merah, with a remaining lease of 64 years, has been appraised at an estimated value of $147,861, translating to a price per square foot (PSF) of $591. This valuation reflects a market alignment, showing a 0% difference from the baseline, indicating a stable demand in the area amidst the current economic climate. The model confidence for this valuation is categorized as high, underpinned by an analysis of 120 recent HDB resale transactions within the vicinity, ensuring robust data reliability.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 64 years is a critical factor influencing buyer sentiment and overall property value. As the market continues to evolve, properties with longer leases tend to command higher interest, particularly in established neighborhoods like Bukit Merah. The consistent market price observed in this instance suggests that prospective buyers recognize the value and potential of such properties, making this an opportune time for investment in HDB flats that not only offer affordability but also promise future growth in capital appreciation.