5 Room (5STD) HDB for Sale in 27 Dover Crescent

The valuation of the HDB 5-room unit located in Bukit Merah, with a remaining lease of 48 years, stands at an estimated value of $579,690 or $438 per square foot (PSF). This valuation is notably positioned above the prevailing market rate, reflecting a significant 44.6% premium over the baseline. Such a substantial deviation from market average is indicative of the high demand and desirability associated with this particular location, which is characterized by its strategic proximity to key amenities and transportation links.

Analysing the market dynamics, this valuation is supported by a robust confidence level, attributed to data derived from 50 recent HDB resale transactions in the vicinity. The high model confidence suggests a reliable and accurate assessment of property trends within Bukit Merah. The remaining lease period, while moderately short, appears to have been factored into the current valuation, with buyers potentially valuing the area's lifestyle offerings and developmental potential over the remaining lease duration. This trend highlights the ongoing appeal of mature estates, where community and connectivity often outweigh leasehold concerns.