3 Room (3I) HDB for Rent in 2 Jalan Bukit Merah

The valuation of the HDB 3-room unit located in Bukit Merah, with a remaining lease of 40 years, stands at an estimated value of $326,901, translating to approximately $416 per square foot (PSF). This valuation reflects a market price that shows no deviation from the established baseline, indicating a stable demand in the vicinity. The market dynamics suggest that the property maintains a consistent appeal among prospective buyers, likely due to its strategic location and the amenities available in the Bukit Merah area.

However, it is important to note that the model confidence for this valuation is classified as low, which implies that there may be factors influencing the market that are not fully captured in the analysis. The valuation is based on recent transactions of three comparable HDB properties in the area, which further underscores the need for potential buyers and investors to conduct thorough due diligence. As the remaining lease approaches the 40-year mark, considerations regarding the lease decay and its impact on future resale value become paramount, particularly in a market that is sensitive to lease tenure. The current valuation serves as a critical touchpoint for stakeholders navigating the complexities of the HDB resale market in Singapore.