Common Room (HDB) for Rent in 220 Bishan Street 23

The valuation of the HDB 4-room unit in Bishan, with a remaining lease of 63 years, stands at an estimated value of $75,445, translating to a price per square foot (PSF) of $668. This assessment is derived from a robust analysis of 355 recent HDB resale transactions within the vicinity, reflecting a strong market foundation and high model confidence in the valuation process. The current market price indicates a 0% deviation from the baseline, suggesting that the property is well-aligned with prevailing market sentiments and demand dynamics.

In the context of Singapore's competitive real estate landscape, Bishan's appeal as a mature estate with excellent connectivity and amenities significantly supports property values. The remaining lease of 63 years is a critical factor for prospective buyers, as it assures longevity in ownership while also aligning with the typical leasehold expectations of HDB properties. Given that the market is exhibiting stability, this valuation not only underscores the intrinsic value of the property but also highlights the resilience of the HDB market in Bishan amidst broader economic fluctuations.