4-Room HDB for Room Rent: 113 Bishan Street 12

The valuation of the HDB 4 Room unit in Bishan, with a remaining lease of 58 years, stands at an estimated value of $99,544, equating to a price per square foot (PSF) of $664. This figure reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this desirable area. Bishan is renowned for its strategic location, excellent connectivity, and a vibrant community, which collectively bolster its appeal among homebuyers and investors alike.

However, the model confidence for this valuation is assessed as low, suggesting potential variability in the market dynamics affecting this particular segment. The valuation is based on a limited data set of seven recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market trends or shifts in buyer sentiment. As such, stakeholders should consider the implications of the remaining lease duration on future resale value, as properties with shorter leases can experience fluctuations in demand, particularly as the lease term diminishes. It is crucial for potential buyers and investors to remain vigilant about market signals and macroeconomic factors that could influence property valuations in this sought-after neighborhood.