5 Room (5I) HDB for Sale in 128 Bishan Street 12

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 59 years, stands at an estimated value of $829,250, translating to a price per square foot of $637. This figure is indicative of a robust market performance, reflecting a significant 23% premium above the baseline. Such a valuation suggests strong demand for properties in this highly desirable district, known for its strategic location, excellent amenities, and well-established community infrastructure.

Our analysis, grounded in data from 185 recent HDB resale transactions in the vicinity, showcases a high level of confidence in this valuation model. The elevated price point can be attributed to several market dynamics, including limited supply due to land scarcity in Bishan, coupled with a consistent influx of buyers seeking prime residential options in Singapore. The remaining lease of 59 years further enhances the appeal, as it aligns well with the long-term investment horizon favored by many homebuyers and investors in the current market landscape.