3 Room (3I) HDB for Sale in 30 Telok Blangah Rise

The HDB 3-room property located in Bukit Merah, with a remaining lease of 48 years, is currently valued at approximately $303,820, equating to a price per square foot (PSF) of $403. This valuation is notably above the market baseline, reflecting a significant 31.7% premium compared to comparable properties in the area. Such a divergence from the market average indicates heightened demand for housing in this particular precinct, possibly driven by its strategic location and proximity to essential amenities.

However, it is important to note that the model confidence for this valuation is classified as low, suggesting that the estimation may be influenced by limited transactional data. The analysis is based on only four recent HDB resale transactions nearby, which may not fully encapsulate the broader market dynamics at play. As the remaining lease of this property stands at 48 years, potential buyers should consider the implications of lease decay and its impact on long-term value retention. Overall, while the premium valuation signals a robust interest in the Bukit Merah area, prospective investors should proceed with caution and conduct thorough due diligence.