4 Room (4I) HDB for Rent in 40 Telok Blangah Rise

The HDB 4-room unit located in Bukit Merah, with a remaining lease of 48 years, presents an estimated value of $447,750, translating to a price per square foot (PSF) of $509. This valuation indicates a market price that aligns precisely with the baseline, reflecting a 0% difference. Such stability in pricing suggests a balanced market condition for HDB properties in the area, where demand is currently matching supply without significant fluctuations.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating potential uncertainties in the estimation process. The analysis is based on seven recent HDB resale transactions in the vicinity, which may not fully capture the broader market dynamics or unique property characteristics that could influence value. Given the remaining lease period, prospective buyers should be mindful of how lease duration impacts future resale potential, especially in a market where younger buyers are increasingly prioritizing properties with longer leases.