Premium HDB for Rent in 293 Bishan Street 22

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 71 years, stands at an estimated value of $940,983, translating to a price per square foot (PSF) of $848. This valuation reflects the current market price, indicating a stable equilibrium with a 0% difference from the baseline. Such stability in value suggests that the property is well-positioned in a highly sought-after area known for its excellent amenities, connectivity, and overall quality of life.

However, it is important to note that the model confidence is classified as low, which may be attributed to the limited data set, drawing insights from only three recent HDB resale transactions in the vicinity. This limited sample size could inhibit a comprehensive understanding of the prevailing market dynamics. Hence, prospective buyers and investors should exercise caution and consider broader market trends, particularly in relation to HDB leasehold properties as they approach the midpoint of their lease terms.