5 Room (5I) HDB for Sale in 85 Telok Blangah Heights

The valuation of the HDB 5-room unit located in Bukit Merah reflects a nuanced understanding of the local market dynamics, particularly with the remaining lease of 74 years. With an estimated value of $1,073,641, translating to $907 PSF, this property stands out as a compelling investment opportunity, given its 9.8% deviation from the baseline value, which classifies it as a Good Deal. Such a valuation indicates a favorable pricing environment for prospective buyers, particularly in a highly sought-after district like Bukit Merah.

However, it is essential to note that the model confidence remains categorized as Low, which suggests that the valuation is based on a limited dataset, specifically two recent HDB resale transactions in the vicinity. This scarcity of comparable sales can introduce variability in the valuation, highlighting the importance of conducting further due diligence. Buyers should consider the broader market trends and the implications of the remaining lease, as properties with shorter leases often face depreciation in value over time. As such, while the current valuation presents an attractive opportunity, market participants are encouraged to approach this investment with a well-informed perspective on the long-term implications of leasehold properties in Singapore.