Semi-Detached House for Room Rent: Rooms for Rent! Near Shops, Food & Bus Stop.

The valuation of the HDB 2 Room unit situated in the sought-after Bukit Merah area, with a remaining lease of 97 years, stands at an estimated value of $98,857, translating to a price per square foot of $659. This valuation indicates a market equilibrium, as evidenced by the 0% difference from the baseline, reflecting a stable pricing environment characterized by a balanced supply and demand dynamic. Such consistency suggests that the property is well-positioned within its market segment, appealing to both first-time buyers and investors looking for solid long-term value.

Our confidence in this valuation is underscored by a robust analysis of 58 recent HDB resale transactions in the vicinity, which provides a comprehensive data set for comparative assessment. The high model confidence rating further reinforces the reliability of this valuation, suggesting that the current market conditions are favorable for the HDB segment in Bukit Merah. As urban development and regeneration efforts continue to unfold in Singapore, properties with substantial remaining leases, like this unit, are poised to benefit from sustained interest and potential appreciation in value over time.