5-Room HDB for Room Rent: 136 Bishan Street 12

The valuation of the 5-room HDB unit in Bishan, with a remaining lease of 59 years, is estimated at $70,076, translating to a competitive price of $637 per square foot (PSF). This valuation reflects a significant stability within the local market, indicated by a 0% difference from the baseline market price. Such a finding suggests a balanced supply-demand equation for properties in this desirable district, which is renowned for its strategic location and robust community amenities.

With model confidence rated as high, the valuation is grounded in empirical evidence drawn from 187 recent HDB resale transactions in the vicinity. This extensive data set not only reinforces the credibility of the estimated value but also underscores the enduring appeal of Bishan as a sought-after residential area. The remaining lease of 59 years is a critical factor that may influence buyer sentiment; however, it is important to note that Bishan's prime location and well-developed infrastructure may mitigate any concerns related to lease tenure. Overall, this valuation serves as a reliable indicator of the current market dynamics and the inherent value proposition offered by HDB properties in this vibrant district.