3 Room (3I) HDB for Rent in 61 Telok Blangah Heights

The valuation of the 3-room HDB unit located in Bukit Merah, with a remaining lease of 49 years, stands at an estimated value of $289,270, translating to a price per square foot (PSF) of $414. This valuation reflects a market price that is consistent with the baseline, indicating no significant fluctuations in demand or supply within the immediate vicinity. The stability of the price suggests that the property is well-positioned within the current market dynamics, especially considering the established reputation of Bukit Merah as a sought-after residential locale.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset comprising only one recent HDB resale transaction in the area. This scarcity of comparable sales may not adequately represent the broader market trends and could hinder a comprehensive understanding of the property's true market potential. As such, potential buyers and investors should remain vigilant, considering the implications of the remaining lease period as it plays a pivotal role in long-term value appreciation and investment viability.