5 Room (5STD) HDB for Sale in 19 Dover Crescent

The recent valuation of the HDB 5-room unit in Bukit Merah, with an estimated value of $928,339, reflects a significant premium in the current market landscape. Priced at $777 per square foot, this valuation is indicative of a robust demand for properties in this region, with a notable 16.3% increase above the baseline market rate. Such a premium suggests that buyers are not only attracted to the enduring appeal of Bukit Merah but are also willing to pay a higher price for the perceived value and future potential of the area.

However, it is essential to consider the remaining lease of 51 years, which may influence buyer sentiment and long-term investment viability. The model confidence for this valuation is classified as low, based on the limited data from just four recent HDB resale transactions in the vicinity. This indicates potential volatility and underscores the importance of market dynamics in determining property value. Investors should weigh the advantages of location and potential appreciation against the implications of the remaining lease tenure when considering this property.