5 Room (5I) HDB for Rent in 140 Jalan Bukit Merah

The HDB 5-room property located in Bukit Merah, with a remaining lease of 51 years, has been appraised at an estimated value of $534,990, translating to a price per square foot (PSF) of $440. This valuation positions the property at a market price reflecting a 0% deviation from the baseline, indicating a stable market condition with no significant upward or downward pressures influencing the valuation at this time.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset, which is based on only three recent HDB resale transactions in the vicinity. This scarcity of comparable sales may suggest a potential lack of robust market demand or volatility in the area, which can significantly impact the long-term value of properties, particularly those with a remaining lease under 60 years. As such, prospective buyers should consider the implications of the remaining lease period and the potential for value fluctuation in the future when making investment decisions.