5 Room (5A) HDB for Rent in 113 Depot Road

The valuation of the HDB 5 Room unit located in Bukit Merah, with a remaining lease of 49 years, stands at an estimated value of $487,671, translating to a price per square foot of $398. This valuation is strikingly aligned with the current market price, exhibiting a 0% difference from the baseline, indicating a stable market condition in this precinct. Such stability suggests that the property is well-positioned within the local real estate landscape, attracting potential buyers and investors looking for a balance between affordability and location advantage.

However, it is essential to note that the model confidence for this valuation is categorized as low, reflecting the challenges in predicting future price movements in the area. The analysis is drawn from a limited dataset, comprising only six recent HDB resale transactions in the vicinity. In a market characterized by fluctuating demand and varying lease tenures, the remaining lease of 49 years plays a pivotal role in influencing buyer sentiment. Longer leases are generally preferred, as they offer greater security, while shorter leases may deter potential buyers due to perceived depreciation in value over time. Thus, while this property offers a fair market value, prospective buyers should remain cognizant of the lease dynamics that may impact future resale opportunities.