Common Room (HDB) for Rent in 112B Depot Road

The HDB 4 Room property located in Bukit Merah, with a remaining lease of 76 years, presents a compelling valuation of $93,294, which translates to a price per square foot (PSF) of $933. This valuation is strategically aligned with the current market dynamics, reflecting a 0% difference from the baseline price, indicating a stable market environment in this vibrant district. The strong model confidence, derived from a robust dataset of 500 recent HDB resale transactions in the vicinity, further bolsters the reliability of this valuation.

In the context of Singapore's real estate landscape, the remaining lease period plays a pivotal role in influencing buyer sentiment and market trends. Properties with longer remaining leases, such as this one, tend to attract a wider pool of potential buyers, thereby enhancing their marketability. Given the high confidence in the valuation model, stakeholders can be assured of the property’s competitive positioning within the Bukit Merah locality, which continues to be a sought-after area due to its strategic location and community amenities.