5 Room (5STD) HDB for Sale in 114 Depot Road

The HDB 5-room property in Bukit Merah, with a remaining lease of 49 years, holds an estimated value of $729,351, translating to a price per square foot (PSF) of $579. The valuation reflects a robust demand for HDB properties in this vibrant locale, as indicated by a mere 4% deviation from the baseline market price. This slight premium suggests a competitive market environment, driven by both the strategic location and the evolving demographics of the area.

Analyzing the recent data from 343 HDB resale transactions in the vicinity reinforces the confidence in this valuation, as the model confidence level is assessed as high. The enduring appeal of Bukit Merah can be attributed to its proximity to central amenities and transport links, which continue to attract prospective buyers. Given the remaining lease, this property represents not only a desirable living space but also a sound investment opportunity, reflecting the dynamic interplay between lease tenure and market sentiment in Singapore's real estate landscape.