5 Room (5I) HDB for Sale in 111A Depot Road

In the current real estate landscape of Singapore, the valuation of the HDB 5 Room unit located in Bukit Merah, with a remaining lease of 77 years, stands at an estimated value of $1,075,953, translating to $869 per square foot (PSF). This valuation is particularly noteworthy as it signals a 15.6% difference from the baseline, categorizing it as a good deal within the local market context. The high model confidence, derived from an analysis of 345 recent HDB resale transactions in the vicinity, bolsters the credibility of this valuation, indicating strong demand and an active market in the Bukit Merah area.

The dynamics surrounding the remaining lease of 77 years play a crucial role in the property’s valuation, as HDB properties with longer leases typically retain higher market values. Additionally, the Bukit Merah precinct is characterized by its strategic location, vibrant community, and accessibility, which contribute to sustained interest among potential buyers. As such, this property not only represents a sound investment opportunity but also exemplifies the resilience of the HDB market amidst fluctuating economic conditions.