5 Room (5A) HDB for Sale in 172 Bishan Street 13

The valuation of the 5-room HDB property in Bishan, with a remaining lease of 59 years, stands at an estimated value of $814,630, translating to a price per square foot (PSF) of $626. This valuation is noteworthy, as it reflects a significant premium above the baseline market rate, indicating a 15.1% difference. Such a commanding position in the market exemplifies the desirability of the Bishan area, which is renowned for its strategic location and well-connected transport links, making it a sought-after choice among homebuyers.

Our analysis, based on 128 recent HDB resale transactions within the vicinity, demonstrates a high confidence level in this valuation. The elevated price point can be attributed to several factors, including the overall demand for HDB properties in the region, the robust community amenities, and the area’s high accessibility to key commercial and educational establishments. As the remaining lease is a critical consideration for potential buyers, the 59-year tenure provides a balanced perspective on longevity and investment potential, further solidifying the appeal of this property in today’s competitive market.