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

The HDB 2-room property located in Bukit Merah, with a remaining lease of 49 years, presents a compelling valuation of approximately $237,419, translating to a price per square foot (PSF) of $491. This figure is notably positioned above the market average, reflecting a significant 55.8% premium compared to the baseline valuation for similar properties in the area. Such a substantial deviation suggests strong demand dynamics at play, likely driven by Bukit Merah's strategic location and accessibility to key amenities.

While the model confidence for this valuation is categorized as medium, it is supported by a robust dataset of 11 recent HDB resale transactions within the vicinity. This underlying market activity indicates a healthy appetite among buyers, possibly fueled by the area's evolving urban landscape and the desirability of HDB living in a central locale. As the property market continues to adapt to economic fluctuations, this valuation encapsulates the intricate balance between lease tenure, market sentiment, and localized demand, underscoring Bukit Merah's enduring appeal in Singapore's vibrant real estate landscape.