3 Room (3I) HDB for Rent in 21 Dover Crescent

The HDB 3-room unit located in Bukit Merah, with a remaining lease of 48 years, has been evaluated at an estimated value of $261,015, translating to a price per square foot (PSF) of $373. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand in this particular segment of the HDB market. The absence of a price differential suggests that buyers are currently willing to meet market expectations without significant negotiation, which is a positive sign of market resilience.

However, it is essential to note that the model confidence for this valuation is categorized as low. This classification stems from the limited dataset, with the valuation based solely on five recent HDB resale transactions in the vicinity. While these transactions provide a snapshot of local market activity, the low confidence level underscores the potential volatility and variability in pricing, particularly as the remaining lease diminishes. As such, potential investors and homeowners should remain cognizant of the lease dynamics and broader market conditions when considering their purchasing decisions in this area.