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

The valuation of this HDB 3-room unit located in the highly sought-after district of Bishan, with a remaining lease of 59 years, stands at an estimated value of $471,748, translating to a price per square foot (PSF) of $685. This valuation reflects a stable market position, as indicated by a market price that shows a 0% difference from the baseline. Such stability suggests that the property has maintained its value amidst the fluctuations often observed in Singapore's real estate market.

The model's confidence in this valuation is classified as high, bolstered by a robust dataset comprising 96 recent HDB resale transactions in the vicinity. This significant volume of transactions provides a solid basis for the current market sentiment, indicating strong demand and buyer interest in the Bishan area. As a district known for its excellent amenities, proximity to transport links, and reputable schools, the resilience in pricing underscores the enduring appeal of HDB properties in this locale, despite the remaining lease period. The strategic positioning of this unit within the Bishan precinct further enhances its value proposition, making it a compelling option for both owner-occupiers and investors alike.