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

The valuation of this 5-room HDB unit in Bishan, with a remaining lease of 71 years, stands at an estimated value of $1,108,880, translating to $852 per square foot. This valuation is positioned 15.4% above the baseline market rate, indicating a robust demand within this highly sought-after residential enclave. Bishan is renowned for its strategic location, excellent connectivity, and proximity to top-tier educational institutions, which collectively fuel the desirability and value of properties in the area.

Despite the medium confidence in the valuation model, the analysis is supported by a comprehensive review of 10 recent HDB resale transactions in the vicinity. The elevated price point reflects not only the intrinsic value of the property itself but also the overarching market dynamics that currently favour sellers in the Bishan area. As demand continues to outstrip supply, particularly for well-located HDB units, the potential for appreciation remains strong, making this an attractive proposition for homebuyers and investors alike.