2 Room (2I) HDB for Rent in 45 Telok Blangah Drive

The valuation of the HDB 2-room unit in Bukit Merah, with a remaining lease of 49 years, stands at an estimated value of $237,910, translating to a price per square foot (PSF) of $491. This assessment reflects a stable market price, showing a 0% difference from the baseline valuation, indicative of a balanced demand-supply dynamic in the current HDB resale market. The model confidence is rated as medium, suggesting a reasonable level of certainty in the estimation based on available data.

Analyzing the recent transactions within the vicinity, which encompass 11 HDB resale transactions, it is evident that properties in Bukit Merah maintain a competitive edge due to their strategic location and neighborhood amenities. The remaining lease of 49 years is a critical factor affecting valuation, as it can influence prospective buyers' perceptions regarding long-term investment viability. In a market where lease duration plays a pivotal role in property desirability, the current valuation reflects a cautious optimism among buyers, who continue to engage actively in the resale market despite the lease term. This environment presents an intriguing opportunity for both investors and first-time homeowners seeking to establish a foothold in a vibrant and evolving locale.