4-Room HDB for Room Rent: 39 Bendemeer Road

The valuation of the HDB 4-room property in Bishan, with a remaining lease of 81 years, stands at an estimated value of $228,568, translating to a price per square foot (PSF) of $1,143. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand for properties in this sought-after district. The Bishan area is renowned for its strategic location and accessibility, making it a preferred choice among families and young professionals alike.

Our analysis is grounded in a review of 11 recent HDB resale transactions in the vicinity, which serve as a critical benchmark for this valuation. The model confidence is rated as medium, suggesting a balanced assessment of the current market dynamics and the property’s competitive positioning. As the remaining lease period is substantial at 81 years, this property retains significant appeal, thus supporting its valuation stability. In an evolving market, the resilience of Bishan's property values amidst broader economic shifts underscores its enduring desirability as a residential hub.