2 Room (2I) HDB for Sale in 45 Telok Blangah Drive

The HDB 2 Room unit located in Bukit Merah, with a remaining lease of 49 years, is currently valued at approximately $237,419, translating to a price per square foot (PSF) of $491. This valuation positions the property significantly above the market baseline, reflecting a notable 42.7% premium. Such a substantial deviation suggests a robust demand for HDB properties in this area, possibly driven by Bukit Merah's strategic location and proximity to essential amenities and transportation links.

Analysis of recent resale transactions in the vicinity, totaling 11 comparable units, indicates a medium level of model confidence in this valuation. The notable premium could be indicative of market dynamics, including limited supply and heightened buyer interest, particularly among first-time homeowners seeking to establish themselves in a well-established neighborhood. As the real estate landscape continues to evolve, it will be crucial for potential buyers and investors to consider both the remaining lease duration and the broader market trends that influence property values in this sought-after district.