4-Room HDB for Room Rent: 103A Depot Road

The valuation of the 4-room HDB property located in Bukit Merah is currently estimated at $90,190, translating to a price per square foot (PSF) of $475. This valuation is noteworthy given the remaining lease of 49 years, which positions the property in a transitional phase where lease duration becomes a critical factor for potential buyers and investors. The current valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently aligned with prevailing market conditions without any significant upward or downward pressure.

Despite the stability indicated by the market signal, the model confidence is classified as low, primarily due to the limited data set derived from just three recent HDB resale transactions in the vicinity. Variability in buyer sentiment, coupled with the implications of a shorter lease term, may introduce uncertainties in future valuations. As such, stakeholders should remain vigilant regarding market trends and consumer preferences, particularly as they pertain to the appeal of older HDB properties, which can be influenced by both macroeconomic factors and demographic shifts within the vibrant Bukit Merah locale.