Terraced House for Room Rent: Several Rooms for Rent near NUS/Pasir Panjang

The HDB 2 Room property located in Bukit Merah, with a remaining lease of 64 years, demonstrates a competitive estimated value of $103,296, translating to a price per square foot (PSF) of $574. This valuation is significant as it reflects current market conditions, where the property is positioned at a baseline market price with a 0% difference, indicating stability in demand and pricing trends within the area. Such a robust valuation is supported by the analysis of 58 recent HDB resale transactions in the vicinity, showcasing the property’s alignment with market expectations and buyer sentiment.

The high model confidence attributed to this valuation underscores the reliability of the data and the accuracy of the predictive analytics employed. With the remaining lease of 64 years, potential buyers should consider not only the current market dynamics but also the implications of lease duration on future resale values. The Bukit Merah locale remains a sought-after district, reflecting a blend of accessibility and community amenities, which further enhances the attractiveness of this property. As the market evolves, this HDB unit stands as a noteworthy opportunity for both first-time buyers and investors alike.