5 Room (5I) HDB for Sale in 192 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 $981,243, translating to a notable $759 per square foot (PSF). This valuation, which is positioned 30.4% above the baseline market value, indicates a strong demand for properties in this sought-after district, known for its strategic location and excellent amenities. The elevated pricing reflects both the desirability of Bishan as a residential area and the competitive dynamics currently influencing the HDB resale market.

However, it is essential to note that the model confidence for this valuation is categorized as low, based on an analysis of only four recent HDB resale transactions in the vicinity. This limited transaction volume may introduce variability and potential discrepancies in price assessment, suggesting that while the current valuation is robust, it should be approached with caution. The interplay of the remaining lease duration and market demand will continue to shape the investment attractiveness of this property, necessitating ongoing monitoring of market trends and transaction data in the coming months.