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

The valuation of the HDB 5-room unit in Bukit Merah at an estimated value of $527,838, translating to $419 per square foot, presents a noteworthy case within the current market landscape. With a remaining lease of 49 years, this property is positioned at a premium, reflecting a significant 32.6% above the baseline market value. Such a deviation indicates potential investor confidence in the Bukit Merah area, driven by its strategic location and amenities that appeal to both owner-occupiers and investors alike.

However, it is imperative to approach this valuation with caution, as the model confidence is categorized as low. This assessment is derived from only seven recent HDB resale transactions in the vicinity, suggesting that market dynamics may not be sufficiently robust to support the elevated price point. In light of the remaining lease, prospective buyers should consider the implications of leasehold tenure on long-term investment viability and the potential for future capital appreciation. As the market evolves, it will be essential to monitor trends in both supply and demand to reassess the value proposition of this HDB unit.