3 Room (3S) HDB for Rent in 120 Bishan Street 12

The valuation for the 3-room HDB unit located in the highly sought-after Bishan area stands at an estimated value of $470,853, equating to $683 PSF. This assessment is grounded in a comprehensive analysis of the property’s remaining lease of 59 years, which is a critical factor influencing its marketability and investment potential. The Bishan precinct is renowned for its accessibility, vibrant community, and proximity to essential amenities, further enhancing the desirability of this property.

Current market dynamics indicate a stable environment, with a market price reflecting a 0% difference from the baseline. This stability is underscored by data drawn from 92 recent HDB resale transactions in the vicinity, contributing to a high model confidence in this valuation. The sustained demand in Bishan, coupled with the finite nature of HDB leases, suggests that properties within this area may continue to hold their value robustly. Investors and homeowners alike should consider this unit not only as a residential option but also as a strategic asset in a resilient market.