3 Room (3I) HDB for Sale in 35 Telok Blangah Rise

The valuation of the 3-room HDB unit in Bukit Merah, estimated at $394,639 or $611 PSF, reflects a cautious yet strategic positioning within the current market dynamics. With a remaining lease of 48 years, this property is situated in a locale that remains desirable due to its proximity to urban amenities and transport links. However, the valuation is underscored by a low model confidence, suggesting the need for careful consideration by potential buyers as the market adjusts to evolving economic conditions.

The 1.4% deviation from the baseline market price indicates a relatively stable demand in the area, although it also highlights a nuanced market where buyers may be exercising greater discretion. The recent transactions in the vicinity have provided some insight into local price trends, but the low confidence level calls for a cautious approach when interpreting these figures. As such, stakeholders should remain vigilant to shifts in market sentiment, particularly with respect to the remaining lease of the property, as this could significantly influence future resale potential and investment viability.