2 Room (2I) HDB for Sale in 45 Telok Blangah Drive

The valuation of the HDB 2 Room unit located in Bukit Merah, with a remaining lease of 49 years, is pegged at an estimated value of $237,419, translating to a price per square foot (PSF) of $491. This valuation is notably positioned above the market average, reflecting a significant 47.4% premium over the baseline. Such a marked deviation indicates a robust demand for properties in this established residential enclave, which is characterized by its strategic location and proximity to essential amenities.

The model confidence for this valuation is categorized as medium, based on a comprehensive analysis of 11 recent HDB resale transactions within the vicinity. This dataset suggests a dynamic market environment, where the appeal of Bukit Merah continues to attract homebuyers despite the diminishing lease period. The sustained interest can be attributed to the area's unique blend of accessibility, community vibrancy, and potential for future development, further solidifying its desirability in the competitive Singaporean real estate landscape.