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

The valuation of the HDB 5-room property in Bishan, with a remaining lease of 59 years, stands at an estimated value of $816,220, translating to a price per square foot of $627. This valuation is notably positioned above the market baseline, reflecting a significant 12.7% premium. Such a premium indicates a robust demand for HDB units in this sought-after district, which is characterized by its strategic location and excellent amenities.

Our analysis is grounded in a solid dataset of 126 recent HDB resale transactions within the vicinity, contributing to a high confidence level in this valuation. The Bishan area is known for its family-friendly environment, proximity to reputable schools, and convenient public transportation options, factors that consistently drive buyer interest and, consequently, property prices. As the market continues to navigate the dynamics of leasehold properties, the remaining lease of 59 years is positioned favorably, given the prevailing sentiment towards long-term investment in this prime location.