4 Room (4A) HDB for Rent in 138 Bishan Street 12

The valuation of the HDB 4-room unit in Bishan, with a remaining lease of 60 years, stands at approximately $680,321, translating to a price per square foot (PSF) of $614. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand within this sought-after residential enclave. Bishan, known for its strategic location and robust amenities, continues to attract families and young professionals, which contributes to a sustained interest in HDB properties despite the diminishing lease term.

However, it is important to note the model confidence for this valuation is categorized as low, a factor that warrants careful consideration. The estimation is based on only two recent resale transactions in the vicinity, which may not provide a comprehensive reflection of the current market dynamics. Given the remaining lease period, potential buyers should weigh the implications of lease decay against the property’s intrinsic value and the overall market sentiment. As leasehold properties approach their end, it is crucial for stakeholders to remain vigilant about market trends and the evolving preferences of homebuyers in Singapore.