4 Room (4A) HDB for Sale in 287 Bishan Street 24

The valuation of the 4-room HDB property in Bishan, with a remaining lease of 64 years, stands at an estimated value of $740,384, translating to a price per square foot (PSF) of $668. This valuation is particularly noteworthy as it reflects a significant premium above the market baseline, with a difference of 14.8%. Such an elevation indicates robust demand dynamics in the Bishan area, a locality known for its strong community infrastructure and accessibility, making it a sought-after residential enclave.

The model confidence for this valuation is categorized as high, supported by an extensive analytical framework that incorporates data from 189 recent HDB resale transactions within the vicinity. This comprehensive dataset reinforces the reliability of the valuation, suggesting that buyers are currently willing to pay a premium for properties in this desirable district. The remaining lease of 64 years is an essential factor, as it balances the longevity of ownership with the intrinsic value of the property in a market characterized by fluctuating lease tenures. Overall, the property’s valuation not only reflects current market sentiments but also underscores the strategic appeal of owning a HDB unit in the vibrant Bishan district.