4-Room HDB for Room Rent: 112B Depot Road

The valuation of the HDB 4-room unit in Bukit Merah at an estimated value of $85,076, translating to $773 per square foot, reflects the current market dynamics of the area. With a remaining lease of 76 years, this property offers a moderate timeline for prospective homeowners, which is a significant factor influencing buyer sentiment. Given the baseline market price shows a 0% difference, this indicates that the property is priced at market equilibrium, suggesting a stable demand and supply scenario. However, the classification of model confidence as low indicates potential variability in market conditions or comparability amongst similar properties.

In assessing the surrounding market, the valuation is supported by three recent HDB resale transactions in the vicinity. These comparables are critical in establishing a baseline for pricing; however, the low confidence level suggests that further fluctuations may be anticipated in the near term. Buyers may need to consider the implications of the remaining lease when evaluating long-term investment potential, as lease decay can impact future resale value. Overall, while the property sits at a competitive price point within Bukit Merah, potential investors should remain vigilant regarding market trends and leasehold dynamics that could influence future appreciation.