5 Room (5I) HDB for Sale in 113 Depot Road

The HDB 5 Room property located in Bukit Merah presents a compelling investment opportunity, with an estimated value of $501,616, translating to a price per square foot (PSF) of $398. Notably, the remaining lease of 49 years positions this property in a unique market segment, where the balance of lease tenure can significantly influence buyer sentiment and valuation. The current valuation indicates an above-market position, with a substantial 59.3% difference from baseline values, reflecting a robust demand for housing in this sought-after district.

Market dynamics in Bukit Merah are characterized by a recent surge in resale transactions, with 12 comparable sales providing a solid foundation for this valuation. The medium confidence level of this model suggests a degree of variability inherent in the current market, influenced by factors such as location desirability, nearby amenities, and overall economic conditions. As the Singapore property landscape continues to evolve, the remaining lease and the property's competitive pricing within the Bukit Merah vicinity are crucial elements that potential buyers and investors should consider when assessing this listing.