4 Room (4A) HDB for Rent in 84 Whampoa Drive

The valuation of the HDB 4-room unit in Bishan, with a remaining lease of 46 years, stands at an estimated value of $121,873, equating to $487 per square foot. This assessment reflects a strong alignment with the current market price, showing no deviation from the baseline, indicating a balanced state in the local real estate dynamics. The high model confidence is bolstered by the analysis of 355 recent HDB resale transactions within the vicinity, ensuring a robust and reliable estimation grounded in substantial market data.

Bishan, known for its strategic location and well-developed amenities, continues to attract homebuyers despite the diminishing lease term. The remaining lease of 46 years represents a critical factor in the valuation, as leasehold properties typically experience a gradual decrease in value as the lease shortens. However, the stability in pricing signals sustained demand for HDB units in this area, driven by factors such as proximity to public transport, schools, and recreational facilities. As the market evolves, potential buyers and investors should remain cognizant of these dynamics, which could influence future valuation trajectories.