Common Room (HDB) for Rent in 187 Bishan Street 13

The valuation of the HDB Executive unit in Bishan, with a remaining lease of 59 years, stands at an estimated value of $113,096, equating to approximately $769 per square foot (PSF). This valuation reflects a market signal of 0% difference from the baseline, indicating that the property is priced in line with current market expectations. Despite the stable pricing, the low model confidence suggests that the valuation may not fully account for the nuanced dynamics of the local housing market.

An analysis of the recent HDB resale transactions in the vicinity, totaling four comparable sales, provides a foundational basis for this valuation. However, the low confidence level indicates potential volatility in the market, influenced by various factors such as economic conditions, buyer sentiment, and upcoming developments in the area. Given the remaining lease of 59 years, prospective buyers should consider how lease duration impacts long-term investment potential and marketability of the property.