5 Room (5I) HDB for Rent in 106A Depot Road

The valuation of the HDB 5-room unit in Bukit Merah, with a remaining lease of 49 years, stands at approximately $593,317, translating to an estimated price per square foot (PSF) of $479. This evaluation reflects a market signal indicating a stable pricing scenario, with a 0% difference from the baseline. Such stability may suggest a balanced demand and supply landscape in the Bukit Merah vicinity, which is notable given the area's strategic location and urban amenities.

However, it is essential to consider the low model confidence associated with this valuation, derived from only four recent resale transactions in the area. This limited dataset may not fully encapsulate the broader market dynamics influencing HDB prices. With a remaining lease of 49 years, potential buyers should weigh the implications of leasehold tenure on long-term investment value, particularly in a market where lease decay can impact resale potential as the lease approaches its final years. In summary, while the current valuation appears stable, stakeholders should remain vigilant regarding future trends that may affect market sentiment and property values in this evolving landscape.