Bungalow for Room Rent: West Coast Place

The valuation of the HDB 2-room unit in Bukit Merah, with a remaining lease of 54 years, stands at an estimated value of $154,742, translating to $484 PSF. This figure reflects a stable market position, showing a 0% difference from the baseline, indicating that the property is priced accurately in line with current market conditions. The analysis is grounded in robust data, derived from 59 recent HDB resale transactions within the vicinity, which reinforces the model's confidence in this valuation as high.

The Bukit Merah area is witnessing a dynamic property landscape, where the balance of supply and demand plays a critical role in influencing prices. With a 54-year lease remaining, this property appeals to both first-time buyers and investors looking for entry-level options in an urban setting. As HDB flats with longer leases generally command higher premiums, the remaining lease term may slightly temper the perceived value compared to newer developments. However, the stable pricing trend underscores a resilient market where such properties continue to attract interest, benefiting from the area's strategic location and amenities.