3 Room (3I) HDB for Sale in 98 Whampoa Drive

The current valuation of the HDB 3-room unit in Bishan, with a remaining lease of 47 years, stands at an estimated value of $242,414, translating to a price per square foot (PSF) of $346. This valuation, however, is notably above the market baseline, showcasing a significant 64.6% premium. Such a considerable deviation from the baseline indicates robust demand in this locale, driven by Bishan's reputation as a highly sought-after residential area, characterized by its strategic location, excellent amenities, and proximity to schools and transport links.

The strong model confidence, rated as high, is derived from a comprehensive analysis of 21 recent HDB resale transactions in the vicinity. This data not only reinforces the premium valuation but also highlights the dynamic nature of the Bishan property market, where buyers are willing to pay a premium for limited leasehold properties in a competitive environment. With the remaining lease of 47 years, prospective buyers may perceive this as a secure investment opportunity, further solidifying the area's appeal. The interplay of lease duration and market demand signals a resilient property market in Bishan, suggesting that this valuation is not merely a statistical outlier but rather reflective of broader trends in the region's real estate landscape.