4 Room (4I) HDB for Sale in 38C Bendemeer Road

The valuation of the HDB 4 room unit located in Bishan, with a remaining lease of 83 years, stands at an estimated value of $1,094,840, translating to a price per square foot (PSF) of $1,143. This valuation reflects a growing interest in the Bishan area, characterized by its strategic location and accessibility, which appeal to both families and young professionals. The property’s strong market signal, indicating a 13.4% difference from the baseline, suggests that it is currently positioned as a good deal in the competitive HDB resale market.

Our analysis is based on insights gathered from 11 recent HDB resale transactions in the vicinity, which showcases a median price trend that supports the valuation. Despite the model confidence being categorized as medium, the data indicates a resilient demand for HDB properties in Bishan, driven by its reputation as a desirable residential enclave. The remaining lease of 83 years is a significant factor, as properties with longer leases tend to command higher valuations due to reduced lease decay, while the proximity to key amenities and public transport enhances its investment appeal. Overall, this combination of factors positions the HDB unit favorably in the current market landscape.