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

In the vibrant district of Bukit Merah, the valuation of a 5-room HDB unit reflects a nuanced interplay between the remaining lease and current market conditions. With a remaining lease of 49 years, the estimated value of the property stands at $517,007 or $428 PSF. This valuation is particularly significant as it demonstrates a market price that aligns closely with the baseline—indicating a 0% difference. Such stability suggests that the property is positioned well within the local market context, although the low model confidence indicates potential fluctuations in future valuations.

Analysis of the surrounding market reveals insights drawn from seven recent HDB resale transactions in the vicinity. These transactions provide a foundational understanding of current buyer sentiment and market dynamics. As the remaining lease diminishes, the perceived value of the property may be influenced by buyers' apprehensions regarding long-term viability. Thus, while the current valuation appears stable, ongoing market trends and lease duration will be critical factors in determining future appreciation or depreciation in value. Stakeholders should remain vigilant to shifts in market sentiment as the remaining lease term progresses.