5 Room (5I) HDB for Sale in 144 Bishan Street 12

The HDB 5 Room property in Bishan, with a remaining lease of 60 years, is currently estimated to hold a value of $768,739, translating to $581 per square foot. This valuation positions the property significantly above the market baseline, reflecting a remarkable 23.6% premium. Such a discrepancy suggests a heightened demand for HDB units in this desirable location, which is renowned for its accessibility and vibrant community amenities. The Bishan area continues to attract buyers due to its strategic location, proximity to established schools, and comprehensive public transport network.

However, the model confidence in this valuation is classified as low, primarily due to the reliance on a limited dataset, with only one recent HDB resale transaction in the vicinity to inform this estimate. The low confidence level indicates potential volatility in market sentiment and pricing, which may fluctuate based on broader economic conditions and consumer preferences. Investors are advised to approach this valuation with caution, considering the implications of the remaining lease period and ongoing market dynamics that could influence future resale values.