5-Room HDB for Room Rent: 275A Bishan Street 24

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 84 years, stands at an estimated value of $145,651, translating to a price per square foot (PSF) of $1,214. This assessment is based on a robust analysis of 32 recent HDB resale transactions in the vicinity, showcasing a high level of model confidence. The current market signal indicates a price alignment with the baseline, reflecting a steady state in the local property market without significant fluctuations.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 84 years positions this property favorably, as long leasehold tenures continue to attract discerning buyers who prioritize stability and investment longevity. Bishan, known for its strategic location and amenities, further enhances the desirability of this unit, making it a compelling option for both homeowners and investors. The lack of deviation from the baseline price suggests a balanced market, indicating that potential buyers perceive this valuation as fair and reflective of current market conditions.