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

The subject property, a 3-room HDB unit located in the desirable Bukit Merah precinct, holds a remaining lease of 50 years and is valued at approximately $485,606, translating to a price per square foot (PSF) of $618. This valuation reflects a stable market signal, with no deviation from the baseline price, indicating a balanced demand and supply scenario in this vibrant residential enclave. The performance of this property is closely aligned with the recent resale trends observed in the area.

Based on an analytical review of eight recent HDB transactions in the vicinity, the model confidence in this valuation is classified as medium, suggesting a moderate degree of certainty in the estimated value. Factors influencing this valuation include the property’s lease tenure, which, while still substantial, may impact buyer sentiment and future resale potential. Moreover, the Bukit Merah area continues to attract interest due to its strategic location and proximity to essential amenities, further solidifying its status as a sought-after residential choice.