5 Room (5I) HDB for Sale in 166 Bishan Street 13

The valuation of the 5-room HDB unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $840,638, translating to approximately $640 per square foot. This valuation notably positions the property above the current market baseline by 24.9%, indicating a premium that may reflect the desirability of the Bishan locale, which is renowned for its strategic connectivity and lifestyle amenities.

However, it is essential to approach this figure with caution, as the model confidence is categorized as low. This designation stems from the analysis of only three recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of ongoing market trends. The robust valuation suggests that while the property is perceived as a valuable asset within the Bishan area, potential buyers should remain vigilant regarding the dynamics of HDB leasehold properties, particularly as the remaining lease diminishes over time, which could impact long-term investment viability.