4 Room (4A) HDB for Sale in 104A Depot Road

The HDB 4-room property located in Bukit Merah with a remaining lease of 71 years is currently estimated at a value of $759,418, translating to a price per square foot (PSF) of $706. This valuation, while indicative of the property's potential, reflects a market signal categorized as above market, showing a 5.3% difference from the baseline. Such a premium valuation suggests a strong demand within the Bukit Merah area, which has historically been favored for its proximity to central amenities and transport links.

However, it is crucial to note that the model confidence for this valuation is rated as low, which implies a degree of uncertainty in the predictive accuracy of the price estimation. This level of confidence is derived from the analysis of only three recent HDB resale transactions in the vicinity, limiting the robustness of comparative data. Investors and potential buyers should consider the implications of the remaining lease period, as the 71 years left can influence future resale potential and financing options, particularly in a market that is increasingly sensitive to leasehold dynamics.