4-Room HDB for Room Rent: 152 Bishan Street 11

In the current real estate landscape of Singapore, the valuation of the HDB 4-room unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $84,070, translating to a price per square foot (PSF) of $647. This valuation reflects a market signal that is precisely aligned with the baseline, indicating a stable demand within the vicinity. The absence of deviation from the baseline market price suggests a well-adjusted pricing structure, characterized by a robust equilibrium between supply and demand among similar HDB properties.

The model confidence in this valuation is high, substantiated by an extensive analysis of 197 recent HDB resale transactions in the surrounding area. This substantial dataset provides a reliable foundation for understanding market dynamics, particularly in a mature and highly sought-after district like Bishan. As the remaining lease is a critical factor influencing property value, the 60-year lease term positions this unit favorably amidst a backdrop of evolving buyer preferences, where long-term tenure remains a significant consideration. Overall, the stability reflected in this valuation affirms Bishan's appeal as a prime residential enclave, appealing to both owner-occupiers and investors alike.