3-Room HDB for Room Rent: 28C Dover Crescent

The HDB 3-room property located in Bukit Merah, with a remaining lease of 49 years, presents a calculated estimated value of $43,636, translating to a price per square foot (PSF) of $397. This valuation reflects a stable market signal, indicating a 0% difference from the baseline, which suggests that current market conditions are effectively aligned with established pricing benchmarks in the locality.

With a strong model confidence rating of high, this valuation is substantiated by an extensive analysis of 188 recent HDB resale transactions in the vicinity. The data reinforces the notion that the Bukit Merah area remains a desirable location for potential homeowners, particularly given its strategic positioning and community amenities. The remaining lease of 49 years is a critical factor influencing buyer sentiment and market dynamics, as it balances the property’s longevity against the typical considerations of leasehold properties in Singapore.