Common Room (HDB) for Rent in 21 Telok Blangah Crescent

The valuation of the HDB 2 Room unit in Bukit Merah, with a remaining lease of 48 years, stands at an estimated value of $68,959 or $460 PSF. This valuation reflects a stable market condition, as indicated by the market price showing a 0% difference from the baseline. Such a stable reading suggests a well-balanced demand and supply dynamic in the Bukit Merah area, making it an attractive proposition for prospective buyers.

Our analysis is bolstered by a substantial dataset, incorporating insights from 22 recent HDB resale transactions within the vicinity. The model confidence is rated as high, emphasizing the reliability of the valuation. The remaining lease of 48 years is a crucial factor in the current market context, as it positions the property within a competitive range for both investors and first-time buyers. As the HDB market continues to evolve, units like this one in Bukit Merah demonstrate a compelling opportunity for those looking to enter a resilient and sought-after segment of Singapore’s real estate landscape.