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

The valuation of the 3-room HDB property located in Bishan, with a remaining lease of 58 years, stands at an estimated value of $474,437, equivalent to $659 per square foot. This figure reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this sought-after location. Bishan, known for its strategic connectivity and vibrant community amenities, continues to attract both owner-occupiers and investors, which is reflected in the valuation metrics.

With a model confidence level categorized as medium, the valuation is informed by a comparative analysis of 10 recent HDB resale transactions in the vicinity. These transactions suggest a resilient market, where properties are maintaining their value amid fluctuating economic conditions. The sustained interest in Bishan, combined with its relatively long remaining lease, positions this property favorably in the market landscape. As such, potential buyers and investors should consider the implications of leasehold tenure and local market dynamics when evaluating this offering.