5 Room (5I) HDB for Sale in 168 Bishan Street 13

The valuation of the 5-room HDB property located in the highly sought-after district of Bishan, with a remaining lease of 59 years, stands at approximately $829,188, translating to a compelling $637 PSF. This indicative value positions the property significantly above the market baseline, reflecting a robust 20.6% premium compared to similar transactions in the vicinity. The model confidence in this valuation is rated as high, underscoring the reliability of the data derived from a comprehensive analysis of 184 recent HDB resale transactions in the area.

Bishan's appeal as a residential locale is driven by its strategic connectivity and vibrant community amenities, which consistently bolster property values. The current premium indicates a strong demand for HDB properties in this neighborhood, likely fueled by factors such as proximity to key transportation nodes, reputable educational institutions, and recreational facilities. As the lease period diminishes, potential buyers may increasingly prioritize properties with substantial remaining lease terms, making this valuation a critical consideration for investors and homeowners alike. The ongoing dynamics of the Singapore property market suggest that well-located HDBs in Bishan will continue to command attention and retain their value in the coming years.