3 Room (3I) HDB for Sale in 15 Telok Blangah Crescent

The HDB 3-room property located in Bukit Merah, with a remaining lease of 47 years, has been appraised at an estimated value of $271,464, translating to $388 per square foot (PSF). This valuation is notably positioned above the market baseline, reflecting a significant 54.7% premium. Such a discrepancy suggests strong demand dynamics in the Bukit Merah area, a district renowned for its excellent connectivity and vibrant community amenities.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data pool, with only two recent HDB resale transactions serving as comparables. This limited dataset may introduce volatility in the valuation model, underscoring the need for a cautious approach when interpreting these figures. As the remaining lease diminishes, prospective buyers should also consider the implications of leasehold status on future resale potential, particularly in an urban landscape where land use policies and market sentiment can rapidly evolve.