Room (HDB) for Rent in 146 Jalan Bukit Merah

The HDB 2-room unit located in Bukit Merah, with a remaining lease of 75 years, is currently valued at an estimated $197,715, translating to an impressive $659 per square foot. This valuation reflects a market signal of stability, indicated by a 0% difference from the baseline, suggesting that the property is priced accurately in relation to similar units in the vicinity. The high model confidence, supported by 58 recent HDB resale transactions in the area, underscores the reliability of this valuation and the robustness of current market conditions.

In analyzing the market dynamics of Bukit Merah, it is essential to consider the implications of the remaining lease period. A 75-year lease offers potential buyers a significant window for investment, appealing particularly to young families and first-time homeowners seeking affordability in a mature estate. The lack of deviation from baseline pricing indicates a resilient demand for HDB properties in this locality, driven by its strategic location and amenities. As such, this property stands as a compelling opportunity for investors or homeowners looking to secure a foothold in one of Singapore's well-established neighborhoods.