3 Room (3I) HDB for Sale in 16 Telok Blangah Crescent

The valuation of the HDB 3-room unit in Bukit Merah, with a remaining lease of 47 years, stands at an estimated value of $252,160, translating to a price per square foot of $360. This valuation positions the property significantly above the market baseline, reflecting a remarkable 42.4% premium compared to similar properties in the region. Such a notable deviation from the baseline suggests robust demand dynamics, driven by factors including location desirability, proximity to amenities, and the overall attractiveness of the Bukit Merah precinct.

Despite the model confidence being classified as medium, the analysis is bolstered by recent transaction data, which includes 10 comparable HDB resale transactions in the vicinity. This dataset indicates a positive trend in the local market, particularly for properties with remaining leases that are perceived as viable for long-term ownership. As the landscape of HDB ownership continues to evolve, potential buyers should weigh the implications of the remaining lease period alongside the premium valuation, as these factors will play a crucial role in future market performance and investment returns.