3-Room HDB for Room Rent: 105A Depot Road

The valuation of the HDB 3 Room property in Bukit Merah, with a remaining lease of 89 years, stands at an estimated value of $99,495, translating to a price per square foot (PSF) of $995. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a stable demand within the local property market. The absence of deviation from the baseline suggests that this property is positioned favorably amidst the current real estate landscape, where buyers are meticulously assessing value against lease duration and location.

Our analysis draws upon data from eight recent HDB resale transactions in the vicinity, which supports a medium level of confidence in this valuation. The Bukit Merah area, known for its strategic location and robust community infrastructure, continues to attract potential buyers despite broader market fluctuations. The remaining lease of 89 years is a critical factor, as properties with longer leases tend to command higher interest, making this HDB unit an appealing option for both first-time homeowners and investors looking to capitalize on Singapore's vibrant housing market.