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

The valuation of the 5-room HDB unit in Bukit Merah, with a remaining lease of 49 years, stands at an estimated value of $527,838, translating to a price per square foot (PSF) of $419. This valuation indicates a substantial premium, as it is positioned 32.6% above the baseline market value. Such a significant deviation suggests that the property may be leveraging unique characteristics or demand factors that are not fully captured by the prevailing market trends.

However, it is imperative to note the model confidence associated with this valuation is classified as low, reflecting a degree of uncertainty in the predictive accuracy. This is primarily due to the limited dataset comprising only seven recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of the market dynamics. As the remaining lease length is a crucial factor influencing HDB valuations, potential buyers and investors should carefully consider the implications of a 49-year lease, particularly in the context of long-term investment viability and future resale potential.