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

The valuation of the HDB 4 Room property located in Bukit Merah, with a remaining lease of 57 years, stands at an estimated value of $571,803, translating to a price per square foot (PSF) of $511. This valuation signals a noteworthy position in the market, as it is assessed to be above the baseline by 30.8%. Such a significant premium indicates a strong demand for HDB properties in this well-established neighborhood, likely influenced by its strategic location, access to amenities, and the overall desirability of the Bukit Merah district.

However, it is crucial to note the model confidence in this valuation is categorized as low, suggesting that the estimation may be subject to fluctuations based on current market dynamics. The analysis is derived from four recent HDB resale transactions within the vicinity, which may not fully capture the broader market trends affecting this property type. As the remaining lease diminishes, potential buyers should consider both the implications of leasehold duration and the prevailing market conditions when assessing the long-term value and investment potential of this asset.