3-Room HDB for Room Rent: 15 Telok Blangah Crescent

The HDB 3 Room property in Bukit Merah, with a remaining lease of 48 years, presents a compelling investment opportunity within a well-established and vibrant neighborhood. With an estimated value of $106,815, translating to a price per square foot (PSF) of $486, this property closely aligns with the prevailing market conditions, reflecting a market price that exhibits no deviation from the baseline. Such stability indicates a balanced supply and demand scenario, underscoring the reliability of this valuation within the context of the broader HDB market.

Analysis of 499 recent HDB resale transactions in the vicinity reinforces the model's high confidence level, suggesting that the valuation is grounded in robust empirical data. The remaining lease of 48 years is a significant factor, as it positions the property favorably in terms of long-term livability and investment potential, particularly for owner-occupiers and investors seeking stable returns in a competitive market. As the urban landscape of Singapore continues to evolve, properties like this one in Bukit Merah are likely to maintain their desirability, supported by ongoing infrastructural developments and demographic trends.