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

The valuation of the HDB 5-room unit in Bukit Merah, estimated at $501,616, indicates a significant market signal, as it stands approximately 59.3% above the current baseline for similar properties in the vicinity. This notable premium suggests a robust demand for HDB flats in this mature estate, which is characterized by its proximity to key amenities and vibrant community living. With a remaining lease of 49 years, the property is positioned within a crucial timeframe that may influence both buyer sentiment and investment strategies.

However, it is important to note that the model confidence for this valuation is classified as low, based on the analysis of only six recent HDB resale transactions in the area. This limited dataset may introduce volatility and uncertainty, necessitating cautious interpretation of the valuation. Investors should consider broader market dynamics, including demographic trends and potential future supply, which could impact the long-term value of this property. As Bukit Merah continues to evolve, the interplay between lease duration and market demand will be pivotal in determining the sustainability of such elevated valuations.