3 Room (3I) HDB for Sale in 1 Dover Road

The HDB 3-room property in Bukit Merah, with a remaining lease of 48 years, presents a valuation of approximately $343,346, translating to a price per square foot of $491. This valuation is notably characterized as being above the market, reflecting a 22.3% difference from the established baseline. Such a premium valuation indicates a heightened demand for HDB properties in this particular locale, driven by a combination of factors including the area's strategic location, accessibility, and the overall desirability associated with Bukit Merah.

However, it is important to note that the model confidence for this valuation is categorized as low, which suggests that the data utilized in arriving at this estimate may exhibit variability. This assessment is based on only four recent HDB resale transactions within the vicinity, which may not provide a comprehensive overview of the current market conditions. As the remaining lease diminishes over time, potential buyers should consider the implications of leasehold properties and their impact on long-term value retention, especially in a competitive market like Singapore's.