2 Room (2I) HDB for Sale in 45 Telok Blangah Drive

The valuation of the HDB 2 Room property located in Bukit Merah, with a remaining lease of 49 years, has been estimated at $237,419, translating to a price per square foot (PSF) of $491. This valuation indicates a notable premium, as it is positioned 55.8% above the baseline market value, suggesting significant demand and a potential upward trajectory in property prices within this vibrant precinct.

Our analysis is based on 11 recent HDB resale transactions in the vicinity, providing a robust dataset that supports this valuation. While the model confidence remains at a medium level, the strong market signal indicates that Bukit Merah continues to attract buyers, possibly due to its strategic location, proximity to amenities, and anticipated urban development plans. Investors and homebuyers should consider the implications of the remaining lease period, as it plays a critical role in long-term value retention and investment viability in the HDB market.