3 Room (3S) HDB for Sale in 110 Bishan Street 12

The valuation of this HDB 3-room unit in Bishan, with an estimated value of $473,099, reflects a significant market signal, indicating an above-average pricing trend at 16.3% above the baseline. Priced at $688 per square foot, this property stands at a premium compared to recent resale transactions in the vicinity, where the average values tend to be more conservative. With the remaining lease of 58 years, this valuation suggests a robust demand for HDB properties within this desirable locality, known for its accessibility and family-friendly amenities.

However, the model confidence for this valuation is categorized as low, which raises a cautionary note for potential investors and buyers. This low confidence level is based on a limited dataset of only four recent HDB resale transactions in the area, indicating a potential volatility in pricing dynamics. Prospective purchasers should weigh the implications of the remaining lease length against the premium valuation, particularly in a market where leasehold properties are subject to depreciation as the lease term diminishes. Understanding these market dynamics is crucial for informed decision-making in this highly competitive segment of Singapore’s real estate landscape.