4 Room (4NG) HDB for Rent in 61 Telok Blangah Heights

The valuation of the HDB 4-room unit in Bukit Merah, with a remaining lease of 49 years, is estimated at $372,480, translating to a price per square foot (PSF) of $427. This valuation is particularly noteworthy as it indicates a stable market condition, with a market price that reflects a 0% difference from the baseline, suggesting that the property is accurately priced in line with current market trends.

Supported by a robust dataset of 35 recent HDB resale transactions in the vicinity, this valuation carries a high model confidence, reinforcing its credibility. The current market dynamics in Bukit Merah indicate a steady demand for HDB properties, particularly in areas with a moderate remaining lease. Investors and homeowners alike should consider the implications of the 49-year lease, as it positions the property attractively within the market while also reflecting the potential for future appreciation as urban renewal and development continue in Singapore.