Common Room (HDB) for Rent in 106B Depot Road

The HDB 2-room flat located in Bukit Merah, with a remaining lease of 73 years, presents an estimated value of $77,567, equating to a competitive price per square foot of $646. This valuation is derived from an extensive analysis of 59 recent HDB resale transactions within the vicinity, reflecting a robust market presence and consistent demand. The property sits at a market price that aligns exactly with the baseline, indicating a stable equilibrium in the local real estate landscape.

With a high model confidence rating, this valuation underscores the resilience of the Bukit Merah area, particularly as it relates to HDB properties. The remaining lease of 73 years is noteworthy; it provides potential buyers with a significant tenure for habitation or investment, which is crucial in Singapore’s regulated housing market. The absence of any deviation from the baseline price suggests a tightly held market, where buyers are willing to pay a premium for established neighborhoods like Bukit Merah, known for their accessibility and community amenities. As such, this property stands as a compelling opportunity for both first-time homeowners and seasoned investors alike.