3 Room (3I) HDB for Rent in 42 Telok Blangah Rise

The valuation of the HDB 3-room unit in Bukit Merah, with a remaining lease of 48 years, reflects a calculated estimated value of $296,059, translating to a price per square foot of $393. This assessment is based on the analysis of seven recent HDB resale transactions within the vicinity, providing a contextual backdrop for the current market dynamics. Notably, the market price reflects a 0% difference from the baseline, suggesting that the property is accurately aligned with current market conditions, without significant upward or downward pressures influencing its valuation.

However, the model confidence in this valuation is categorized as low, indicating a degree of uncertainty inherent in the data or market fluctuations. The remaining lease of 48 years is a critical factor in this analysis; as HDB properties age, the remaining lease term increasingly influences buyer sentiment and investment potential. In a market where lease tenure can significantly impact property desirability, this valuation underscores the necessity for potential buyers to consider the implications of the remaining lease in conjunction with overall market movements.