5 Room (5I) HDB for Rent in 18 Dover Crescent

The valuation of the HDB 5-room unit located in Bukit Merah, with a remaining lease of 51 years, stands at an estimated value of $849,649, translating to a price per square foot (PSF) of $705. This valuation reflects a neutral market signal, indicating no significant deviation from the baseline price levels. The market appears to be stabilizing in this area, with a 0% difference from the baseline suggesting a balance between buyer demand and seller expectations.

It is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset of only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may impact the reliability of the valuation, emphasizing the need for potential buyers and investors to conduct further due diligence. The remaining lease of 51 years is a critical factor in this valuation, as properties with shorter leases can often experience diminished interest and value over time. As the market dynamics continue to evolve, stakeholders should monitor shifts in buyer sentiment and transaction activity within the Bukit Merah precinct.