3 Room (3I) HDB for Rent in 28 Telok Blangah Rise

The valuation of the 3-room HDB unit located in Bukit Merah, with a remaining lease of 48 years, stands at an estimated value of $265,380, equating to a price per square foot (PSF) of $379. This pricing aligns closely with the baseline market price, indicating a stable market condition with a 0% difference from the established benchmark. Such equilibrium suggests that buyer sentiment in this area remains cautiously optimistic, reflecting a balanced demand-supply dynamic.

Analysis of 16 recent HDB resale transactions in the vicinity reinforces this valuation, highlighting a consistent performance within the Bukit Merah precinct. The medium confidence level indicates that while the model parameters are solid, external market fluctuations and economic conditions could still influence future valuations. As the remaining lease diminishes, it is essential for prospective buyers to consider the implications of leasehold dynamics on long-term value retention and investment potential.