4 Room (4NG) HDB for Sale in 102 Jalan Rajah

The valuation of the HDB 4-room unit in Bishan, with an estimated value of $626,254 (equivalent to $619 PSF), reflects a nuanced understanding of the current market dynamics, particularly given its remaining lease of 57 years. Bishan is renowned for its strategic location and connectivity, factors that significantly bolster demand for HDB properties in the area. The current valuation indicates a 1.9% difference from the baseline market price, suggesting a stable and competitive market environment, where buyers are willing to pay a premium for established neighborhoods.

With model confidence rated as high, this valuation is substantiated by an analysis of 196 recent HDB resale transactions within the vicinity. The robust transaction volume indicates a strong buyer interest and a healthy turnover rate, reinforcing the property's desirability. As the remaining lease diminishes, potential buyers should consider the implications of lease tenure on future resale value and marketability, particularly in a landscape where leasehold properties are subject to varying buyer preferences. Overall, this valuation serves as a critical indicator of market sentiment and the intrinsic value of HDB units in Bishan, aligning with broader trends in Singapore's real estate landscape.