111b Depot Road 102111, Depot Road, Central Region, Singapore
$920,000
This flat is a 5 Rooms HDB for sale with 2 Baths in 111B Depot Road, a stunning HDB Resale Flat in Singapore. Key features ✓ Well-maintained and renovated condition ✓ Functional layout ✓ Spacious layout ✓ Bright and airy ✓ Windy ✓ Quiet and peaceful facing ✓ City view ✓ Good size balcony ✓ Excellent location Searching for a property in Singapore? Look no further than this stunning HDB for Sale in Bukit Merah. Located in Bukit Merah HDB Estate, this development is part of District 4. Completed in 2004, Depot Heights is a 99 year leasehold HDB Development with a total of 418 units. It has a total of 25 floors and is one of 24 HDB Blocks on Depot Road. If you are looking for a property in the Bukit Merah, this is might be the perfect unit for you! Nearby amenities ⭑ Nearby Bus stops • Blk 109B (94 m) - 2 mins walk • After Hewlett Packard (141 m) - 2 mins walk • Blk 114 (189 m) - 3 mins walk • 6 more walking distance bus stops within 500 m ⭑ Nearby Grocery Stores • FairPrice Depot Heights Shopping Centre (169 m) - 3 mins walk • FairPrice - Depot (204 m) - 3 mins walk • 8 grocery stores within 1 km ⭑ Nearby Schools • North London Collegiate School (Singapore) (128 m) - 2 mins walk • Zion Kids (184 m) - 3 mins walk • ISS International School (309 m) - 5 mins walk • 5 more schools within 1 km ⭑ Nearby Parks • Southern Ridges (264 m) - 4 mins walk • Terrace Garden (345 m) - 5 mins walk • Telok Blangah Hill Park (357 m) - 5 mins walk • 6 more parks within 1 km Please call Marc PsManiam from 99.co @ +659630XXXX to arrange for a viewing.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…
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Automated Valuation based on 4 HDB resale transactions (data.gov.sg) · 1 outliers removed (IQR)
Fair Value
S$960,532
S$770 psf
Asking Price
S$920,000
S$737 psf
vs Market
-4.2%
vs Last Done
-0.8%
Tenure
77 yrs
99-year Leasehold · Balance remaining
Confidence
Low
4 comps
Nearest MRT
Telok Blangah
1173m away
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
4 comparable transactions
S$733
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.050
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$770
Recent Comparable Transactions
4 shown · 4 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneDec 2024 | Blk 111B DEPOT RD Floor 25 TO 27 | 1,249sqft | S$928,000 | ▼S$743 -3.5% vs FV | 99yr from 2006 |
Dec 2024 | Blk 111B DEPOT RD Floor 25 TO 27 | 1,249sqft | S$928,000 | ▼S$743 -3.5% vs FV | 99yr from 2006 |
Sep 2024 | Blk 111B DEPOT RD Floor 16 TO 18 | 1,249sqft | S$905,000 | ▼S$725 -5.8% vs FV | 99yr from 2006 |
Aug 2024 | Blk 111B DEPOT RD Floor 16 TO 18 | 1,249sqft | S$918,000 | ▼S$735 -4.5% vs FV | 99yr from 2006 |
Jun 2024 | Blk 111B DEPOT RD Floor 19 TO 21 | 1,249sqft | S$910,000 | ▼S$729 -5.3% vs FV | 99yr from 2006 |
Blk 111B DEPOT RD
Dec 2024 · Floor 25 TO 27
-3.5% vs FV
Blk 111B DEPOT RD
Dec 2024 · Floor 25 TO 27
-3.5% vs FV
Blk 111B DEPOT RD
Sep 2024 · Floor 16 TO 18
-5.8% vs FV
Blk 111B DEPOT RD
Aug 2024 · Floor 16 TO 18
-4.5% vs FV
Blk 111B DEPOT RD
Jun 2024 · Floor 19 TO 21
-5.3% vs FV
HELIOS AI Analysis
The valuation of the HDB 5-room unit in Bukit Merah, estimated at $960,532 or $770 PSF, reflects a moderate market signal with a 4.2% deviation from the baseline pricing. This suggests that while the property is positioned competitively within the current market landscape, potential buyers should exercise caution due to the low model confidence rating, which indicates uncertainties in the valuation model. The remaining lease of 77 years is a pivotal factor, as properties with shorter leases generally attract lower valuations, yet this specific location continues to hold intrinsic value due to its proximity to amenities and transportation links.
Analyzing the recent HDB resale transactions in the vicinity, we observe a trend that could influence future valuation dynamics. The data from four comparable sales indicates a fluctuating demand, which may be attributed to the evolving preferences of homebuyers seeking larger living spaces in established neighborhoods. As the Bukit Merah area continues to develop, bolstered by government initiatives and urban planning, it remains crucial for stakeholders to monitor these trends closely. In summary, while the property presents a solid investment opportunity, the associated risks linked to its leasehold status and the current market fluctuations require careful consideration by potential buyers.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.