Common Room (HDB) for Rent in 51 Telok Blangah Drive

The HDB 2 Room property located in Bukit Merah showcases a current estimated value of $76,667, translating to a price per square foot of $511. With a remaining lease of 51 years, this valuation reflects a stable market signal, as indicated by a 0% difference from the baseline. Such stability suggests that the property is positioned well within the current market dynamics, providing a reliable option for prospective buyers in the ever-evolving landscape of Singapore's housing market.

Our analysis is grounded in data derived from 17 recent HDB resale transactions in the vicinity of Bukit Merah, which reinforces the credibility of this valuation. The medium model confidence rating indicates a reasonable degree of certainty in this assessment, taking into account various external factors influencing property values in the region. The enduring demand for HDB units in established neighborhoods like Bukit Merah underpins the valuation, highlighting the significance of lease tenure and location in determining market desirability.