3 Room (3I) HDB for Rent in 21 Dover Crescent

The valuation of the HDB 3 Room unit in Bukit Merah, with a remaining lease of 48 years, stands at an estimated value of $261,015, equating to a price per square foot (PSF) of $373. This valuation reflects a market signal that shows a 0% difference from the baseline, indicating stability in the pricing of HDB properties in this locality. The proximity to urban amenities and transport hubs in Bukit Merah continues to bolster demand, though the low confidence in the model suggests caution due to potential fluctuations in the market.

Our analysis is grounded in a review of five recent HDB resale transactions in the vicinity, providing a contextual backdrop for this valuation. The relatively short remaining lease of 48 years may influence buyer sentiment and future resale potential, particularly for investors who typically seek longer lease tenures. Nevertheless, the Bukit Merah area remains a desirable location, with its established infrastructure and community, potentially offsetting some concerns associated with the lease length. As the property market continues to evolve, ongoing monitoring of market dynamics and buyer trends will be essential for accurate forecasting and investment decisions.