4 Room (4S) HDB for Rent in 153 Bishan Street 13

The valuation of the HDB 4 Room unit in Bishan, with a remaining lease of 65 years, stands at an estimated value of $602,266, translating to a price per square foot (PSF) of $666. This assessment reflects a market price that is aligned with the baseline, indicating a 0% difference, which suggests a stability in pricing amidst the current real estate landscape in the area. Such pricing dynamics are particularly noteworthy given the competitive nature of the Bishan market, known for its desirable amenities and accessibility.

It is crucial to consider the model confidence level, which is categorized as low. This indicates that the valuation is primarily derived from only two recent HDB resale transactions in the vicinity, limiting the robustness of the data and potentially affecting the reliability of the estimation. As such, prospective buyers and investors should remain cautious and consider additional factors such as the overall market trends, neighborhood developments, and long-term lease implications. The longevity of the lease, currently at 65 years, may also play a significant role in influencing buyer sentiment and future resale potential.