3-Room HDB for Room Rent: 15 Telok Blangah Crescent

The valuation of the HDB 3-room unit in Bukit Merah, with a remaining lease of 48 years, is estimated at $106,815, translating to a price per square foot of $486. This valuation is particularly significant as it reflects a stable market condition, indicated by a market price that shows a 0% difference from the baseline. Such stability suggests that the property is competitively priced within its category, aligning closely with recent market trends.

Our analysis is supported by a robust dataset of 499 recent HDB resale transactions in the vicinity, which lends a high degree of confidence to our valuation model. The durability of the remaining lease is a critical factor in this assessment, as properties with longer leases tend to maintain better value retention. Given the high confidence level associated with this valuation, potential buyers can proceed with assurance, taking into account the vibrant real estate dynamics of Bukit Merah. This area has demonstrated resilience and demand, making it an attractive option for both homebuyers and investors alike.