5 Room (5I) HDB for Sale in 9 Boon Keng Road

The valuation of the 5-room HDB flat in Bishan, with a remaining lease of 84 years, stands at an estimated value of $1,510,513, translating to a price per square foot (PSF) of $1,242. This valuation is notably influenced by the robust demand for HDB properties in this highly sought-after district, renowned for its strategic location and proximity to essential amenities, educational institutions, and transport links. The current estimated value reflects a 2.6% difference from the baseline market price, indicating a slight premium that underscores the desirability of the property amidst the prevailing market dynamics.

Our analysis is grounded in a comprehensive review of 22 recent HDB resale transactions within the vicinity, which reinforces our high model confidence in this valuation. The consistency in pricing trends, coupled with the limited supply of HDB flats in Bishan, suggests a favorable outlook for property values in this area. As lease lengths play a critical role in HDB valuations, the remaining 84 years of lease provides a substantial buffer, ensuring that the property retains its appeal to a wide range of prospective buyers, particularly families looking for long-term residence. In conclusion, this HDB flat not only represents a sound investment opportunity but also exemplifies the stability and growth potential characteristic of the Bishan real estate market.