3 Room (3NG) HDB for Rent in 116 Bishan Street 12

In the vibrant district of Bishan, this 3-room HDB property stands as a compelling investment opportunity, particularly given its remaining lease of 58 years. With an estimated value of $474,437, translating to a price per square foot (PSF) of $659, this valuation reflects a stable market condition, as evidenced by a 0% difference from the baseline market price. This equilibrium indicates a well-balanced demand and supply scenario, reinforcing the property’s attractiveness to potential buyers.

The model confidence for this valuation is categorized as medium, suggesting a moderate level of assurance in the price estimation based on an analysis of 10 recent HDB resale transactions within the vicinity. As the Bishan area continues to be a sought-after locale due to its strategic connectivity and lifestyle amenities, this property’s lease duration plays a crucial role in its valuation. Buyers are typically drawn to properties with longer leases; however, the current market dynamics, coupled with Bishan’s enduring appeal, suggest that this HDB unit remains a solid contender in the competitive landscape of Singapore’s real estate market.