4 Room (4A) HDB for Sale in 109 Bukit Purmei Road

The HDB 4-room unit in Bukit Merah, with a remaining lease of 57 years, is currently valued at approximately $571,803, translating to a price per square foot (PSF) of $511. This valuation places the property significantly above the market baseline, reflecting a striking 30.8% premium compared to comparable properties in the area. Such a substantial deviation from the established market norms suggests heightened demand and potential desirability for this particular unit, which could be attributed to its strategic location and amenities within Bukit Merah.

However, it is crucial to note that the model confidence associated with this valuation is categorized as low, indicating that the data supporting this price assessment may be less robust. The valuation is derived from only four recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of the local market dynamics. As the HDB market is influenced by various factors including leasehold tenure, proximity to transportation hubs, and ongoing urban development, prospective buyers and investors should exercise caution and conduct thorough due diligence when considering this property, given the uncertainties reflected in the valuation model.