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

The HDB 3 Room property located in Bukit Merah, with a remaining lease of 89 years, has been appraised at an estimated value of $99,495, equating to a price per square foot (PSF) of $995. This valuation emerges from a comprehensive analysis of the local market dynamics, particularly influenced by recent resale transactions within the vicinity. With a model confidence level categorized as medium, this estimate reflects a nuanced understanding of the varying factors that impact property values in the region.

Notably, the current market signal indicates a 0% difference from the baseline price, suggesting a stable market environment for HDB properties in this area. This stability could be attributed to various factors including the enduring demand for housing in Bukit Merah, its strategic location, and the overall robust performance of the HDB resale market. The analysis of eight recent transactions serves to reinforce this valuation, as these comparable sales provide a reliable benchmark for assessing property worth. Investors and homeowners alike should take into account the remaining lease period, as it plays a crucial role in long-term investment viability and potential appreciation in value.