5 Room (5A) HDB for Rent in 113 Depot Road

The valuation of the HDB 5-room unit in Bukit Merah, with a remaining lease of 49 years, stands at an estimated value of $487,671, translating to $398 PSF. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently priced in line with prevailing market conditions. The significance of the remaining lease cannot be underestimated; with nearly half a century left, it positions the property within a competitive range, appealing to both end-users and investors who value the longevity of leasehold tenure.

However, the model confidence in this valuation is rated as low, indicative of potential volatility in the market dynamics of Bukit Merah. The reliance on just six recent resale transactions in the vicinity may limit the robustness of the valuation, suggesting that fluctuations in demand and supply could impact future pricing. As the market evolves, stakeholders should remain vigilant, especially in light of demographic shifts and urban development plans that may influence the desirability and valuation of HDB properties in this region.