3 Room (3S) HDB for Rent in 120 Bishan Street 12

The valuation of the HDB 3 Room property in Bishan, with a remaining lease of 59 years, is estimated at $470,853 or $683 PSF. This valuation reflects a significant stability in the market, as it denotes a 0% difference from the baseline price. Such a static market price, coupled with high model confidence, suggests that demand and supply dynamics are in equilibrium, providing a strong indicator of the property’s valued position within this sought-after locale.

The analysis is corroborated by data from 92 recent HDB resale transactions in the vicinity, which collectively reinforce the reliability of this valuation. Bishan, known for its strategic location and excellent amenities, continues to attract buyers despite the aging lease, reflecting a robust demand for properties in this area. As the remaining lease decreases over time, potential buyers are likely to weigh the implications of the lease duration against the inherent value and livability of the location, maintaining a delicate balance in buyer sentiments. This assessment underscores the resilience of the Bishan housing market, positioning it as a premium investment opportunity for discerning buyers.