Terraced House for Room Rent: West Coast Terrace

In the current landscape of Singapore's real estate market, the valuation of the HDB 2-room unit in Bukit Merah, with a remaining lease of 54 years, stands at an estimated value of $72,618, translating to a price per square foot (PSF) of $484. This valuation is noteworthy as it reflects a market price that is perfectly aligned with the baseline, indicating stability in this segment of the property market. A high model confidence level reinforces the reliability of this valuation, drawing on data from 59 recent HDB resale transactions within the vicinity.

The Bukit Merah area, known for its strategic location and accessibility, continues to attract interest from both first-time buyers and investors. The remaining lease of 54 years positions the property in a favorable light, as the demand for HDB units in mature estates remains robust. Furthermore, this valuation indicates a balanced market dynamic, where supply and demand factors are well-matched, ensuring that the property retains its intrinsic value. Investors and homeowners alike should consider these insights when evaluating opportunities within this vibrant segment of the Singapore property market.