4-Room HDB for Room Rent: 166 Bishan Street 13

The valuation of the HDB 4 Room unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $64,897, equating to a price per square foot (PSF) of $649. This valuation reflects a baseline market signal, indicating no significant deviation from the current market price. Such stability suggests that the property is positioned within a balanced market, neither overvalued nor undervalued, as it aligns closely with recent comparable transactions.

However, it is important to note that the model confidence for this valuation is categorized as low. This indicates potential volatility in market dynamics and may be influenced by broader economic factors or shifts in buyer sentiment. Based on four recent HDB resale transactions in the vicinity, the data points provide a limited perspective, underscoring the need for caution when interpreting this valuation. As the remaining lease diminishes, the long-term investment viability may also be a concern for prospective buyers, thus warranting further analysis of future market trends and the impact of leasehold duration on property value.