3 Room (3A) HDB for Sale in 105A Depot Road

The HDB 3 Room unit located in Bukit Merah, with a remaining lease of 49 years, has been estimated at a valuation of $480,999, translating to a price per square foot (PSF) of $667. This valuation positions the property significantly above the market baseline, reflecting a notable 45.5% premium compared to similar properties in the area. Such a differential signals robust demand for HDB units in Bukit Merah, a district known for its strategic location and vibrant community amenities, which continues to attract buyers despite the diminishing lease term.

Market dynamics suggest that the strong valuation may be influenced by various factors, including limited supply of HDB units in the vicinity and heightened buyer interest in the area. The model confidence is categorized as medium, which indicates that while the analysis is supported by nine recent HDB resale transactions in the neighborhood, fluctuations in market sentiment and economic conditions could impact future valuations. Buyers should thus exercise caution and consider the implications of the remaining lease on long-term investment potential.