4 Room (4A) HDB for Sale in 104A Depot Road

The valuation of the 4-room HDB unit in Bukit Merah, with a remaining lease of 71 years, stands at an estimated value of $759,418, translating to a price per square foot (PSF) of $706. This valuation indicates a market signal that is above the baseline by 5.3%, suggesting a premium positioning in a competitive resale market. The elevated price point reflects the continual demand for HDB properties in central locations, particularly in established neighborhoods like Bukit Merah, which offers a blend of accessibility and community amenities.

However, it is important to note that the model confidence for this valuation is classified as low, based on only three recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the nuances of the local market dynamics, such as shifts in buyer sentiment, fluctuations in housing demand, or external economic factors that could influence pricing. Investors and potential buyers should approach this valuation with caution, considering both the remaining lease of the property and the broader context of the HDB resale market in Singapore.