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

The HDB 3 Room unit located in Bukit Merah, with a remaining lease of 50 years, presents an estimated value of $484,989, translating to a price per square foot (PSF) of $618. This valuation suggests a significant positioning above the current market baseline, with a notable 7.2% premium, indicating strong demand relative to recent sales trends in the area.

Analyzing the local market dynamics, the valuation is based on insights from eight recent HDB resale transactions in the vicinity. This medium confidence estimate reflects the competitive nature of the Bukit Merah district, where property appeal remains robust despite the diminishing lease term. The elevated value can be attributed to factors such as the area's strategic location, accessibility to amenities, and an overall perception of desirability among potential buyers. As market conditions continue to evolve, this HDB unit is positioned as a compelling investment opportunity, particularly for those seeking to secure a foothold in a thriving neighborhood.