4 Room (4S) HDB for Sale in 119 Mcnair Road

The recent valuation of a 4-room HDB unit in Bishan, with a remaining lease of 59 years, stands at an estimated value of $576,888, translating to a price per square foot (PSF) of $638. This valuation positions the property significantly above the current market baseline, reflecting a robust 24.5% premium. Such a notable divergence from the baseline indicates not only the desirability of the Bishan locale but also the underlying strength of demand relative to supply in this competitive segment of the HDB market.

Our analysis, grounded in data from 183 recent HDB resale transactions in the vicinity, demonstrates a high model confidence level in this valuation. The enduring appeal of Bishan, known for its strategic connectivity and vibrant community amenities, continues to attract buyers even as the remaining lease diminishes. This dynamic underscores the importance of location and community in real estate valuation, particularly within the HDB market where lease tenure can significantly influence buyer sentiment and price appreciation. Investors and homeowners alike should consider these factors when assessing similar properties in the region.