3 Room (3I) HDB for Sale in 3 Dover Road

The HDB 3-room property located in Bukit Merah, with a remaining lease of 48 years, has been appraised at an estimated value of $348,861, translating to a price per square foot (PSF) of $499. This valuation positions the property significantly above the baseline market price, reflecting a 20.4% premium compared to similar properties in the area. Such a disparity indicates a robust demand for residential units within this vibrant district, driven by factors such as proximity to key amenities, transportation links, and the overall desirability of Bukit Merah as a residential enclave.

However, it is important to note that the model confidence for this valuation is categorized as low, suggesting potential volatility in market conditions and the need for cautious consideration by prospective buyers. The valuation is based on a limited dataset comprising only three recent HDB resale transactions within the vicinity, which may not fully capture the nuanced dynamics at play in the local market. As the remaining lease period of 48 years could also impact long-term investment potential, stakeholders are advised to conduct thorough due diligence before making a commitment in this segment of the market.