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

The valuation of the HDB 5-room unit in Bukit Merah, with a remaining lease of 49 years, is estimated at $729,351, translating to a price per square foot (PSF) of $579. This valuation reflects a robust demand in the current market, as evidenced by a mere 4% difference from the established baseline price, indicating a healthy equilibrium between seller expectations and buyer willingness. The model confidence level is classified as high, reinforcing the reliability of this valuation against the backdrop of 343 recent HDB resale transactions in the vicinity, which provide a comprehensive dataset for analysis.

In examining the market dynamics, the Bukit Merah area continues to demonstrate resilience despite the diminishing lease term. The remaining lease of 49 years suggests that buyers are increasingly prioritizing location and potential for future appreciation over lease length. As the HDB resale market evolves, properties such as this 5-room unit are likely to benefit from ongoing urban rejuvenation efforts and increased amenities in the region. Consequently, this valuation not only highlights the property’s current worth but also positions it as an attractive investment in the long-term landscape of Singapore's real estate market.