3 Room (3A) HDB for Sale in 55 Telok Blangah Drive

The valuation of the HDB 3 Room unit in Bukit Merah, with a remaining lease of 51 years, stands at an estimated value of $495,319, translating to $630 per square foot (PSF). This valuation reflects a nuanced understanding of the current market dynamics, particularly in a locale known for its vibrancy and accessibility. The property has been positioned within the market with a slight premium, evidenced by a 3.1% divergence from the baseline price, indicative of a robust demand for HDB units in this area despite the diminishing lease tenure.

Market signals derived from recent transactions bolster the confidence in this valuation. The analysis is founded on data from 8 comparable HDB resale transactions within the vicinity, which collectively highlight a steady demand trajectory. The medium confidence rating suggests that while there are fluctuations inherent in property valuations, the underlying fundamentals of Bukit Merah—such as its strategic location, community amenities, and transport links—remain strong. As we navigate through the complexities of leasehold properties, the remaining tenure is a critical factor influencing buyer sentiment and pricing strategies in the HDB market.