5 Room (5STD) HDB for Rent in 114 Depot Road

This valuation report examines a 5-room HDB flat located in the vibrant Bukit Merah estate, with a remaining lease of 49 years. The estimated value of the property stands at $517,007, translating to a price per square foot (PSF) of $428. The current market signal indicates a 0% difference from the baseline, suggesting that the property is priced in line with recent market trends. This stability reflects a balanced demand and supply scenario, critical for informed investment decisions in the HDB sector.

However, it is essential to note the low model confidence in this valuation, attributed to the limited dataset based on only seven recent HDB resale transactions in the vicinity. This scarcity of comparable sales can lead to a potential lack of robustness in the valuation model, emphasizing the need for prospective buyers and investors to conduct thorough due diligence. Moreover, with only 49 years remaining on the lease, the property may face challenges in attracting buyers looking for long-term investment stability. In an evolving real estate landscape, understanding the intricacies of lease duration and its impact on property value is paramount for making informed decisions.