5 Room (5I) HDB for Sale in 136 Bishan Street 12

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $755,716, or $590 per square foot. This price reflects a notable 12.5% premium over the baseline market value, indicating a strong demand for properties in this vibrant neighborhood. Bishan is renowned for its strategic location and excellent connectivity, making it a sought-after area for families and young professionals alike.

However, it is important to note that the model confidence for this valuation is currently categorized as low. This is primarily attributed to the limited data set, with only two recent HDB resale transactions in the vicinity serving as the basis for this estimate. As the remaining lease of 60 years plays a critical role in the valuation of HDB properties, potential buyers should carefully consider the implications of lease duration on long-term investment value. The market dynamics in Bishan suggest that while the property commands a premium, fluctuations in demand and supply could affect future valuations.