3 Room (3I) HDB for Sale in 30 Telok Blangah Rise

The valuation of the HDB 3 Room unit in Bukit Merah, with a remaining lease of 48 years, is estimated at $315,746 or $497 PSF. This valuation is indicative of a robust market signal currently reflecting an above-market status, demonstrating a significant 22.3% difference from the baseline valuation. Such a premium suggests strong demand in the Bukit Merah area, which can be attributed to its strategic location and the amenities that accompany urban living in this district.

Analysis of this valuation is supported by a comprehensive examination of 500 recent HDB resale transactions within the vicinity, providing a solid foundation for the model's confidence level, which is classified as high. The sustained interest in HDB properties, coupled with the limited supply of units with similar leasehold tenure, creates a favorable environment for potential sellers. As the remaining lease continues to be a critical factor in HDB valuations, this property illustrates the interplay between lease duration and market dynamics, emphasizing the importance of location, demand, and buyer sentiment in shaping property values in Singapore.