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

The valuation of the 5-room HDB unit in Bukit Merah, estimated at $858,246 with a price per square foot of $693, suggests a strategic positioning within the current market landscape. With a remaining lease of 77 years, this property maintains a favorable tenure, appealing to both long-term residents and investors alike. However, the model confidence is categorized as low, indicating a degree of uncertainty in the valuation derived from limited market data.

Notably, the current estimated value is approximately 11.9% above the baseline market value, which may signal a strong demand for HDB properties in this locality. This premium pricing can be attributed to various factors, including recent resale transactions in the vicinity that have established a trend of ascending prices, albeit based on only two transactions. As the Bukit Merah area continues to evolve, stakeholders should remain vigilant to shifts in market dynamics that could influence future valuations and investment potential.