5 Room (5I) HDB for Sale in 191 Bishan Street 13

The valuation of the 5-room HDB property located in the highly sought-after Bishan district reflects an estimated value of $918,317, equating to a price per square foot (PSF) of $705. This valuation signals a notable premium over the baseline market value, with an 18.6% differential, indicating that this property is positioned above the prevailing market rates. Such a discrepancy could be attributed to various factors, including the HDB's strategic location, proximity to essential amenities, and the overall desirability of the Bishan area.

However, it is crucial to approach this valuation with caution, as the model confidence remains low, supported by only two recent HDB resale transactions in the vicinity. While these transactions provide a basis for the valuation, the limited data set may not fully capture the current market dynamics or potential fluctuations in demand. Furthermore, with a remaining lease tenure of 59 years, prospective buyers should consider the implications of leasehold properties in Singapore's evolving real estate landscape, particularly concerning potential resale value as the lease continues to diminish over time.