4 Room (4A) HDB for Sale in 241 Bishan Street 22

The valuation of the HDB 4-room property in Bishan, set at an estimated value of $817,089 (approximately $655 PSF), signals a robust position within the current market dynamics. With a remaining lease of 63 years, this property benefits from a prime location that has historically attracted consistent demand, particularly among families seeking both accessibility and community amenities. The valuation reflects a premium of 10.1% above the baseline, indicating that this property not only meets but exceeds prevailing market expectations.

The assessment is derived from a comprehensive analysis of 353 recent HDB resale transactions in the vicinity, reinforcing the model's high confidence level. This elevated valuation can be attributed to several key factors:

• Location: Bishan is known for its strategic connectivity and proximity to educational institutions and recreational spaces, making it a highly sought-after area.
• Lease Duration: The remaining lease of 63 years provides a favorable balance that appeals to both owner-occupiers and investors, ensuring long-term viability.
• Market Demand: The ongoing demand for HDB properties in Bishan, coupled with limited supply, contributes to the upward pressure on prices, justifying the above-market valuation.