3 Room (3I) HDB for Sale in 15 Telok Blangah Crescent

The valuation of the HDB 3-room unit located in Bukit Merah, with a remaining lease of 47 years, stands at an estimated value of $388,751, translating to $475 per square foot. This valuation is notably positioned above the market baseline by 28.3%, indicating a strong demand for properties in this desirable location. The model confidence is rated as high, underscoring the robustness of the analysis based on a comprehensive dataset comprising 499 recent HDB resale transactions within the vicinity.

Given the remaining lease tenure of 47 years, this property benefits from a critical balance of accessibility and affordability, making it an attractive option amidst the competitive Singapore real estate landscape. The above-market valuation signals a potent market dynamic, reflecting heightened buyer interest and potential appreciation in value as urban development continues to enhance the Bukit Merah area. This analysis suggests that investors and homeowners alike should consider the implications of lease tenure alongside current market conditions when making informed property decisions.