3 Room (3I) HDB for Sale in 21 Dover Crescent

The valuation of the HDB 3-room unit in Bukit Merah, with a remaining lease of 51 years, suggests a noteworthy market position with an estimated value of $276,932, translating to $396 per square foot. This valuation indicates a significant premium over the baseline market assessment, with a striking 58.9% differential. Such a stark deviation highlights the dynamics at play in the Bukit Merah locality, where demand for HDB units often outstrips supply, particularly for properties with proximity to amenities and established infrastructure.

However, it is essential to note that the model confidence for this valuation remains low, derived from only five recent HDB resale transactions in the vicinity. This limited data pool can introduce variability in the estimated value, suggesting that potential investors should exercise caution. The remaining lease period of 51 years also plays a critical role in shaping buyer sentiment and long-term investment viability. As the market continues to evolve, stakeholders are encouraged to monitor broader trends and assess the interplay of lease duration and current market conditions in making informed decisions.