Common Room (HDB) for Rent in 105 Bukit Purmei Road

The valuation of the HDB 2 Room property in Bukit Merah, with a remaining lease of 57 years, stands at an estimated value of $54,688, translating to a price per square foot (PSF) of $511. This valuation reflects a significant alignment with the current market dynamics, as indicated by a market price showing a 0% difference from the baseline. Such stability in pricing suggests a balanced market scenario, where demand and supply are relatively in equilibrium, allowing for a high confidence level in this assessment.

Furthermore, the analysis is corroborated by a robust dataset of 58 recent HDB resale transactions within the vicinity, providing a solid foundation for the model's high confidence rating. The longevity of the remaining lease is a critical factor that positively influences buyer sentiment, particularly in a market that increasingly values lease terms. As the Bukit Merah area continues to evolve, this property stands as a compelling opportunity for potential buyers seeking both a home and an investment in one of Singapore's historically rich neighborhoods.