Master Room (HDB) for Rent in 140 Jalan Bukit Merah

The valuation of the HDB 2 Room unit in Bukit Merah, with a remaining lease of 51 years, stands at an estimated value of $99,811, translating to a price per square foot (PSF) of $499. This valuation reflects a stable market signal, indicating a 0% difference from the established baseline, suggesting that the pricing aligns closely with current market expectations as derived from recent transactions. The confidence level of this model is categorized as medium, underscoring the need for caution when interpreting these figures amidst fluctuating market conditions.

Based on an analysis of 17 recent HDB resale transactions in the vicinity, we observe a compelling narrative regarding the demand dynamics in Bukit Merah. The area remains a sought-after locale, offering a blend of accessibility and community amenities which contributes to its enduring appeal. Given the remaining lease of 51 years, potential buyers may weigh both the longevity of the lease against the price point, especially in a market where lease duration can significantly influence buyer sentiment and investment decisions. This valuation underscores the importance of local market nuances while reinforcing Bukit Merah's position as a resilient player in Singapore's ever-evolving real estate landscape.