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

The HDB 3 Room property located in Bukit Merah, with a remaining lease of 48 years, has been appraised at an estimated value of $246,657, translating to a price per square foot (PSF) of $388. This valuation is notably positioned above the market baseline, reflecting a significant 56.5% premium compared to similar properties in the area. Such a marked deviation from the baseline suggests heightened demand or particular desirability of the Bukit Merah locale, potentially driven by its proximity to essential amenities and key transport links.

However, it is imperative to note that the model confidence for this valuation is categorized as low, indicating a degree of uncertainty in the pricing assessment. The valuation is based on a limited dataset of only five recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market dynamics at play. Investors and potential buyers should exercise caution and conduct further due diligence, particularly considering the implications of the remaining lease period on future resale value and overall investment viability.