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

The valuation of the HDB 3-room unit in Bukit Merah, with a remaining lease of 51 years, stands at an estimated value of $276,089, translating to a price per square foot (PSF) of $394. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within this segment of the HDB market. The property is situated in a vibrant urban locale, which typically attracts a diverse demographic, thus supporting sustained interest in such residential units.

However, it is essential to note that the model confidence in this valuation is categorized as low, suggesting that the data underlying this estimate may not fully capture the nuances of the local market dynamics. This valuation is derived from an analysis of six recent HDB resale transactions in the vicinity, which may not provide a comprehensive picture given the limited sample size. As the remaining lease diminishes, potential buyers may exhibit increased sensitivity to leasehold terms, which could subsequently impact future resale values. Investors and homebuyers should consider these factors when making informed decisions in the Bukit Merah area.