4-Room HDB for Room Rent: 38C Bendemeer Road

The valuation of the HDB 4-room property located in Bishan, with a remaining lease of 85 years, stands at an estimated value of $176,286, translating to a price per square foot (PSF) of $1,175. This valuation is indicative of a stable market position, as it reflects a 0% difference from the baseline market price. Such stability suggests a balanced demand and supply dynamic in the region, which is particularly notable given Bishan's reputation for being a highly sought-after residential area.

Analyzing the recent resale transactions within the vicinity, which number 17, provides a robust foundation for this valuation. The medium confidence level in the model further underscores the reliability of the data, reinforcing the credibility of the estimated value. The long remaining lease of 85 years is a significant asset, as it assures potential buyers of a stable investment horizon, aligning with the broader market trends where properties with longer leases tend to attract premium pricing. This combination of favorable lease duration and consistent market performance positions the HDB in Bishan as a compelling opportunity for prospective homeowners and investors alike.