5 Room (5I) HDB for Rent in 111B Depot Road

The HDB 5-room unit located in Bukit Merah, with a remaining lease of 49 years, holds an estimated value of $640,355, translating to a price per square foot (PSF) of $513. This valuation reflects a stable market signal, indicating that the current market price shows no deviation from the baseline. Such stability can be attributed to a combination of factors, including the unit's location within a mature estate and the ongoing demand for HDB properties in the region.

However, it is essential to note that the model confidence for this valuation is categorized as low, suggesting that the accuracy of the estimate may be influenced by limited recent comparable sales. The valuation is drawn from just four recent HDB resale transactions in the vicinity, which may not provide a robust data set for a comprehensive market analysis. In a market characterized by fluctuating demand and varying buyer sentiments, especially for properties with shorter remaining leases, potential investors should approach this valuation with a discerning eye, considering both the longevity of the lease and the evolving dynamics of the local real estate landscape.