3 Room (3I) HDB for Sale in 30 Telok Blangah Rise

The subject property, a 3-room HDB unit located in Bukit Merah, is currently valued at approximately $244,655, translating to a price per square foot (PSF) of $385. With a remaining lease of 48 years, this valuation positions the unit significantly above the market baseline, reflecting a remarkable 57.8% premium. Such a substantial deviation from the baseline suggests a strong demand for housing in this area, indicative of Bukit Merah's continued desirability among buyers.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset, which is based on only four recent HDB resale transactions in the vicinity. This low confidence level implies that while the property commands a higher price, potential buyers should exercise caution and conduct further due diligence. Factors such as the remaining lease duration and the overall market trends should be carefully considered, as they can significantly influence future resale values and investment viability in this dynamic real estate environment.