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 $99,142, translating to a price per square foot (PSF) of $496. This valuation reflects a market signal indicating no deviation from the established baseline price, suggesting a stable demand within this segment. The medium confidence level in this model underscores the inherent variability often associated with HDB transactions, particularly in a diverse and dynamic market such as Singapore.

Analyzing the recent sales data from 16 comparable HDB resale transactions in the vicinity, it is evident that the Bukit Merah area continues to attract interest from buyers despite the aging leasehold nature of the property. The stability in pricing may be attributed to several factors, including the accessibility of the location, the robust community infrastructure, and the ongoing urban developments that enhance the neighborhood's appeal. As the market adjusts to changing economic conditions, this property serves as a testament to the resilience of HDB assets, particularly in established districts where demand remains consistently strong.