5 Room (5I) HDB for Sale in 88 Telok Blangah Heights

The recent valuation of the HDB 5 Room unit located in Bukit Merah, with a remaining lease of 73 years, has been estimated at $1,023,290, translating to approximately $864 per square foot (PSF). This valuation reflects a subtle market signal, with a mere 0.3% deviation from the baseline price, indicating a stable pricing environment within the vicinity. The slight variance suggests that buyer sentiment remains cautiously optimistic, even amidst fluctuating market dynamics.

However, it is essential to note that the model confidence for this valuation is classified as low, derived from only three recent HDB resale transactions in the area. Such limited data points may not fully encapsulate the broader market trends or the unique attributes of this specific property. As the remaining lease diminishes, the impact on future resale value could be significant, warranting close attention from potential buyers and investors alike. The Bukit Merah area, known for its strategic location and community amenities, continues to attract interest, yet prospective purchasers should consider the implications of leasehold tenure in their decision-making process.