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

The valuation of the HDB 5 Room property 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 reflects a market price that is consistent with the established baseline, indicating a stable demand in this locality. With no deviation from the baseline, it suggests that the property is competitively positioned within the current market landscape, thus appealing to potential buyers who prioritize both location and value retention.

However, it is essential to note the model confidence in this valuation is categorized as low, primarily derived from a limited dataset of only six recent HDB resale transactions within the vicinity. This limited transactional history may impact the reliability of the valuation model, suggesting a cautious approach for prospective buyers and investors. As the property market in Singapore continues to evolve, factors such as remaining lease duration and neighborhood dynamics will play a crucial role in shaping future valuations. The 49-year lease period is relatively short, and as time progresses, it may influence buyer sentiment and market performance in this segment.