3-Room HDB for Room Rent: 116B Jalan Tenteram

The valuation of the HDB 3 Room property located in the highly sought-after district of Bishan reveals a robust market positioning, with an estimated value of $119,247, translating to a price per square foot (PSF) of $795. With a remaining lease of 89 years, this property not only offers longevity in terms of tenure but also aligns well with the preferences of potential buyers who value both sustainability and long-term investment. The strong leasehold period enhances its appeal, ensuring that it remains competitive in a market that is increasingly discerning.

Market dynamics in Bishan illustrate a stable environment, as indicated by the current market price reflecting a 0% difference from the baseline. This equilibrium suggests that the property is fairly valued in relation to recent transactions, which were analyzed from a robust dataset of 109 HDB resale transactions within the vicinity. The high model confidence further reinforces the reliability of this valuation, indicating that the demand within this district remains steady. As a result, prospective buyers can be assured of the property’s intrinsic value and potential for appreciation in the long run.