3-Room HDB for Room Rent: 105A Depot Road

The valuation of the HDB 3-room unit located in Bukit Merah, with a remaining lease of 89 years, stands at an estimated value of $99,495, translating to a price per square foot (PSF) of $995. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for properties in this well-established residential district. The Bukit Merah area is known for its strategic location and accessibility, which contributes significantly to the desirability of HDB units in this locale.

Based on an analysis of eight recent HDB resale transactions in the vicinity, our model has determined a medium confidence level in this valuation. The absence of deviation from the baseline market price suggests that current economic conditions and buyer sentiment are steady, reinforcing a balanced market environment. As the remaining lease of 89 years provides ample tenure for prospective homeowners, this property presents a viable option for both first-time buyers and investors seeking stability in a robust housing sector.