Common Room (HDB) for Rent in 139 Jalan Bukit Merah

The valuation of the 2-room HDB unit in Bukit Merah, with an estimated value of $73,254, reflects a meticulous analysis grounded in the current market dynamics and extensive data from recent transactions. With a remaining lease of 68 years, this property stands at a price per square foot (PSF) of $610, indicating a stable market position. The valuation shows a remarkable alignment with the baseline market price, exhibiting a 0% difference, which suggests that the property is priced accurately within the current market context.

This assessment is substantiated by a robust model confidence rating of high, derived from a comprehensive review of 120 recent HDB resale transactions in the vicinity. The Bukit Merah area is characterized by its strategic location and ongoing urban developments, which contribute positively to the demand for HDB properties. Given the remaining lease duration, potential buyers can expect a reasonable return on investment, making this property a compelling option in today's competitive real estate landscape.