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

The HDB 2 Room unit in Bukit Merah, with a remaining lease of 49 years, is currently estimated at a value of $237,419, translating to a price per square foot (PSF) of $491. This valuation positions the property significantly above the market baseline, reflecting a remarkable 55% premium. Such a substantial deviation indicates strong demand dynamics within the Bukit Merah area, where recent resale transactions reveal a robust market activity.

With model confidence categorized as medium, this valuation is underpinned by an analysis of 11 recent HDB resale transactions in the vicinity. Factors contributing to this elevated market signal may include the strategic location of Bukit Merah, which offers proximity to various amenities and transport links, as well as a growing interest in HDB living arrangements. As the urban landscape of Singapore continues to evolve, properties with longer remaining leases, like this unit, are likely to attract premium valuations, especially in sought-after districts.