Common Room (HDB) for Rent in 5 Dover Crescent

The valuation of the HDB 2-room unit located in Bukit Merah underscores a significant equilibrium in the current housing market dynamics, with an estimated value of $69,322, translating to a price per square foot (PSF) of $462. This valuation reflects a market price that is precisely in line with the baseline, exhibiting a 0% difference. Such stability is indicative of a well-balanced demand and supply scenario in this sought-after locale, characterized by robust interest from potential buyers.

With a remaining lease of 48 years, this property falls within a critical period for leasehold assets in Singapore, where the perception of value is significantly influenced by the length of the remaining lease. The high model confidence rating suggests that the valuation is grounded in solid empirical data, drawn from a comprehensive analysis of 23 recent HDB resale transactions in the vicinity. These transactions have provided a reliable foundation for understanding the market trends, reinforcing the attractiveness of the Bukit Merah area as a desirable residential choice.