5-Room HDB for Room Rent: 170 Bishan Street 13

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 59 years, stands at an estimated value of $90,332, translating to a price per square foot (PSF) of $602. This valuation reflects a market price that is in alignment with the baseline, indicating a neutral market signal with no significant variations from comparable properties in the area. The stability in pricing suggests a balanced demand-supply dynamic within the Bishan precinct, which is well-regarded for its accessibility and community amenities.

It is important to note that the model confidence for this valuation is categorized as low, indicating potential uncertainties in the data derived from recent transactions. This valuation is based on three recent HDB resale transactions within the vicinity, which may not fully encapsulate the broader market sentiment or emerging trends. As the remaining lease of 59 years progresses, market participants should remain vigilant regarding the implications of leasehold duration on future valuations, especially in a market that is increasingly sensitive to long-term lease considerations.