5 Room (5I) HDB for Sale in 288 Bishan Street 24

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 71 years, stands at an estimated value of $1,108,880, translating to a price per square foot (PSF) of $852. This valuation is indicative of a robust market dynamic, reflecting a premium of 15.4% above the baseline market value. The property’s competitive pricing can be attributed to its strategic location in Bishan, a well-regarded residential area known for its accessibility and family-friendly environment, which consistently attracts demand from homebuyers.

Further analysis, based on 10 recent HDB resale transactions in the vicinity, suggests a medium confidence level in this valuation, underscoring the need for careful consideration of market fluctuations. The current demand for HDB units in Bishan is driven by its proximity to quality educational institutions and comprehensive amenities, which enhance the overall appeal of the property. As the remaining lease stands at a favorable 71 years, this offers potential buyers a compelling long-term investment opportunity while also navigating the complexities of leasehold dynamics in Singapore's real estate landscape.