4 Room (4A) HDB for Rent in 122 Mcnair Road

The valuation of the HDB 4-room unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $730,173, translating to a price per square foot (PSF) of $661. This valuation reflects a market price that is in equilibrium with the baseline, indicating a 0% difference. Such stability suggests that the property is positioned within a competitive segment of the market, particularly given the desirable location of Bishan, which is known for its robust amenities and accessibility.

However, the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only two recent HDB resale transactions in the vicinity informing this assessment. This scarcity of comparable sales may introduce volatility into the valuation process, making it essential for potential buyers and investors to consider the broader market dynamics and the implications of the remaining lease. In the context of HDB properties, a 60-year lease still provides a substantial period for occupancy and potential appreciation, but it is crucial to navigate the nuances of leasehold properties, particularly in an evolving market landscape.