5 Room (5I) HDB for Sale in 163 Bishan Street 13

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $828,346, translating to a price per square foot of $636. This valuation is indicative of a robust demand in the Bishan area, which is highly sought after for its strategic location, excellent amenities, and proximity to educational institutions. With a market signal indicating a valuation that is 18.3% above the baseline, it is clear that this property is positioned favorably within the competitive landscape of HDB resales.

Our model confidence in this valuation is rated as high, supported by an extensive analysis of 144 recent HDB resale transactions in the vicinity. This data underpins the resilience of property values in Bishan, particularly for 5-room units, which are favored by families seeking larger living spaces. The sustained interest in this locale, coupled with the limited supply of available units due to the remaining lease duration, suggests a strong potential for future appreciation, making this property an attractive investment opportunity in Singapore's dynamic real estate market.