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

The valuation of the HDB 2 Room property located in Bukit Merah reveals an estimated value of $237,419, translating to a price per square foot of $491. With a remaining lease of 49 years, this property is currently positioned above the market baseline by 42.7%, indicating a robust demand in the local real estate landscape. The model confidence for this valuation is classified as medium, reflecting a nuanced balance of market dynamics and recent transaction data.

Analyzing the context of this valuation, it is essential to consider the 11 recent HDB resale transactions in the vicinity, which provide a credible basis for understanding local market trends. The significant premium on this particular unit suggests a strong buyer interest, likely driven by the strategic location of Bukit Merah, coupled with the area's amenities and connectivity. As the remaining lease approaches the 50-year mark, buyers may be increasingly discerning about long-term investment viability, making the current assessment vital for potential stakeholders in this competitive market.