5 Room (5I) HDB for Sale in 109A Depot Road

The valuation of the HDB 5 Room unit in Bukit Merah, estimated at $858,246, reflects a price per square foot (PSF) of $693, placing it above the market baseline by 11.9%. This premium valuation indicates a robust interest in the Bukit Merah area, which is characterized by its strategic location and proximity to essential amenities. The remaining lease of 77 years further enhances its appeal, as properties with longer leases tend to attract a more discerning buyer demographic, particularly those looking for stability and potential capital appreciation in the long run.

However, it is important to note that the model confidence for this valuation is categorized as low, based on a limited dataset of only two recent HDB resale transactions in the vicinity. This scarcity of transaction data can lead to volatility in price assessments, as market dynamics may not accurately reflect broader trends. Buyers and investors should consider these factors carefully, weighing the current elevated valuation against the potential for future growth and the inherent risks associated with limited market data.