4 Room (4I) HDB for Sale in 120 Bukit Merah View

The valuation of the 4-room HDB property located in Bukit Merah, with a remaining lease of 45 years, stands at an estimated value of $347,443, which translates to a price per square foot (PSF) of $367. This valuation is noteworthy as it is positioned 66.9% above the baseline, indicating a strong market signal that suggests the property commands a premium over typical market rates.

However, it is essential to approach this valuation with caution due to the low model confidence associated with it, primarily derived from a limited dataset of only two recent HDB resale transactions in the vicinity. This limited data may not fully capture the nuanced dynamics of the Bukit Merah market, particularly given the aging lease. As the remaining lease term is a critical factor in HDB valuations, potential buyers and investors should carefully consider how the property’s age and tenure may impact long-term value retention and resale potential amidst the evolving landscape of Singapore’s real estate market.