5 Room (5I) HDB for Sale in 166 Bishan Street 13

The current valuation for the HDB 5 Room unit in Bishan, with a remaining lease of 60 years, stands at an estimated value of $840,638 or $640 per square foot (PSF). This valuation is positioned significantly above the market average, reflecting a 24.9% premium compared to the baseline metrics derived from recent transactions in the vicinity. Such a notable deviation from the market baseline indicates a robust demand for properties in this locale, driven by Bishan's strategic location and the presence of essential amenities, educational institutions, and transport hubs.

However, it is essential to note that the model confidence for this valuation is categorized as low, suggesting that the underlying data may be subject to volatility or limited comparables. The valuation is based on only three recent HDB resale transactions in the area, which could imply potential anomalies or fluctuations in the market. Investors and potential buyers should consider these factors, alongside the implications of the remaining lease, as they navigate the unique dynamics of the Bishan HDB market.