3 Room (3I) HDB for Rent in 44 Telok Blangah Drive

The valuation of the HDB 3-room property in Bukit Merah, with a remaining lease of 48 years, stands at an estimated value of $292,572, translating to a price per square foot (PSF) of $419. This valuation reflects the current market price with a negligible deviation of 0% from the baseline, indicating a stable demand environment for HDB properties in this sought-after locality. The Bukit Merah area is known for its strategic location and proximity to key amenities, thus maintaining a consistent interest among buyers.

Our analysis derives from a comprehensive assessment of 9 recent resale transactions in the vicinity, providing a robust basis for this valuation. The model confidence is categorized as medium, suggesting that while the data reflects current market conditions, ongoing fluctuations in the property landscape should be monitored closely. The remaining lease period of 48 years is a critical factor in the valuation, as it influences buyer sentiment and financing options. As such, potential investors should weigh the implications of lease duration against market dynamics, particularly in light of evolving housing policies and demographic trends that may impact the area's desirability going forward.