4 Room (4A) HDB for Sale in 102 Bukit Purmei Road

The valuation of the HDB 4-room unit in Bukit Merah, with a remaining lease of 56 years, stands at an estimated value of $534,682, translating to a price per square foot (PSF) of $473. This pricing reflects a significant premium, as it is positioned 28.8% above the baseline market value. Such a substantial deviation from the expected market rate suggests that this property is not only well-located but may also be benefiting from unique demand factors that are currently influencing the Bukit Merah area.

However, it is crucial to note that the model confidence for this valuation is rated as low, primarily due to the limited dataset from which it derives. The estimation is based on only three recent resale transactions in the vicinity, which may not provide a comprehensive view of the market dynamics at play. As the remaining lease of 56 years implies a potential depreciation in value over time, prospective buyers should carefully consider the implications of leasehold terms in relation to their investment horizons. In conclusion, while the current valuation reflects a strong market position, the underlying lease duration and model confidence should be taken into account when evaluating the long-term investment viability of this property.