4-Room HDB for Room Rent: 113 Bishan Street 12

The valuation of the HDB 4 room unit in Bishan, with a remaining lease of 58 years, stands at an estimated value of $83,738, translating to a competitive price of $670 per square foot. This pricing reflects a market signal indicative of stability, as it registers a 0% difference from the baseline, suggesting that the property is currently aligned with prevailing market conditions. Such a valuation is particularly noteworthy given Bishan's reputation as a sought-after residential enclave, characterized by its accessibility and proximity to essential amenities.

The model confidence for this valuation is categorized as medium, which indicates a moderate level of assurance based on recent market activities. The analysis draws from eight recent HDB resale transactions in the vicinity, providing a comprehensive backdrop for the valuation. As the market dynamics evolve, the remaining lease of 58 years plays a critical role in the property’s long-term investment appeal. Prospective buyers should consider the implications of the lease duration, particularly in the context of future resale potential and market demand in this desirable district.