3 Room (3I) HDB for Rent in 2 Saint George's Road

In the current real estate landscape of Singapore, the valuation of the HDB 3-room unit in Bishan, with a remaining lease of 48 years, stands at an estimated value of $254,853, equating to $364 PSF. This valuation is significant as it reflects a market price that is in equilibrium, showing a 0% difference from the baseline. Such stability in pricing is indicative of a robust demand and supply dynamic within the Bishan precinct, a highly sought-after residential area known for its strategic location and community amenities.

The model confidence for this valuation is rated as high, substantiated by an analysis of 21 recent HDB resale transactions in the vicinity. This robust data set not only reinforces the credibility of the valuation but also highlights the competitive nature of the market in Bishan, where properties are consistently transacted at prices reflecting their intrinsic value. The remaining lease period of 48 years is also a critical factor, as it positions the unit within an acceptable range for potential buyers, who are often cautious about lease expiry but are drawn to the area's amenities and accessibility.