5 Room (5I) HDB for Sale in 109A Depot Road

The HDB 5-room unit located in Bukit Merah, with a remaining lease of 77 years, presents a compelling investment opportunity in the current market landscape. With an estimated value of $858,246, translating to a price per square foot (PSF) of $693, this property is currently positioned above the market baseline, reflecting an 11.9% premium. This significant valuation suggests that the unit is well-regarded among potential buyers, potentially due to its strategic location and the desirable amenities that Bukit Merah offers.

However, it is essential to note that the model confidence for this valuation is categorized as low, a factor that warrants careful consideration. The analysis is based on only two recent HDB resale transactions in the vicinity, which may not adequately capture the broader market dynamics. This limited data set suggests a need for cautious optimism, as fluctuations in the local real estate market could impact future valuations. Investors should remain vigilant about ongoing market trends and community developments that could influence the desirability and value of this property.