4-Room HDB for Room Rent: 38A Bendemeer Road

The valuation of the HDB 4-room unit in Bishan, with a remaining lease of 85 years, stands at an estimated value of $93,450, translating to a price per square foot (PSF) of $779. This valuation is particularly noteworthy as it reflects a market price that is precisely aligned with the baseline, indicating a stable and well-balanced market environment. The lack of deviation from the baseline suggests that the property is currently priced optimally, taking into account the prevailing demand and supply dynamics in the region.

Our analysis is bolstered by a robust dataset comprising 360 recent HDB resale transactions in the vicinity, which enhances the model's confidence in this valuation to a high degree. Bishan, known for its strategic location and accessibility, continues to attract buyers, thereby sustaining property values in the area. The remaining lease of 85 years also positions the property favorably in the eyes of potential buyers, who often view longer leases as a symbol of stability and investment security. As such, this HDB unit not only represents a sound investment opportunity but also reflects the underlying resilience of the local real estate market.