3-Room HDB for Room Rent: 86 Whampoa Drive

The valuation of the HDB 3-room property in Bishan, with a remaining lease of 46 years, has been estimated at $34,572, translating to a price per square foot (PSF) of $339. This valuation is notable as it reflects a market price that is in perfect alignment with the baseline, indicating a balanced and stable demand within the local real estate landscape. The high level of model confidence, derived from analysis of 21 recent HDB resale transactions in the vicinity, further solidifies the reliability of this valuation amidst current market dynamics.

Bishan has long been recognized as a prime residential district, characterized by its strategic location and robust community amenities. The remaining lease of 46 years positions this property well for potential buyers, as it offers a substantial duration for habitation or investment before lease expiration. The stability in pricing suggests that buyers remain confident in the long-term viability of HDB properties in this area, despite broader market fluctuations. As such, this HDB valuation presents an opportunity for discerning investors and homeowners seeking to capitalize on the enduring appeal of Bishan’s real estate market.