5 Room (5I) HDB for Sale in 104B Depot Road

In the heart of Bukit Merah, this HDB 5-room unit boasts a remaining lease of 71 years, positioning it strategically within a vibrant community. The estimated value of $876,057, translating to $708 per square foot, reflects the competitive nature of the market in this sought-after locale. However, it is critical to note that the market signal indicates a modest 2.7% deviation from the baseline pricing, suggesting a relatively stable valuation amidst current market fluctuations.

The model confidence for this valuation is categorized as low, driven by the limited dataset of only four recent HDB resale transactions in the vicinity. This scarcity of comparable sales data may contribute to increased valuation uncertainty. Buyers and investors should consider both the implications of the remaining lease and the subtle market dynamics at play when assessing the investment potential of this property. As the demand for HDB units in established districts like Bukit Merah continues to evolve, it is essential to stay informed about market trends and leasehold considerations that could impact future valuations.