3 Room (3I) HDB for Sale in 74 Whampoa Drive

The valuation of the HDB 3-room flat in Bishan, with a remaining lease of 47 years, stands at an estimated value of $360,081, translating to a price per square foot of $507. This valuation is notably positioned above the market baseline by 11.1%, indicating a premium that reflects the desirability and competitive demand for properties in this precinct. Bishan, known for its strategic location and well-planned amenities, continues to be a sought-after residential area, fostering a robust resale market.

With high model confidence derived from an analysis of 111 recent HDB resale transactions in the vicinity, this property exemplifies the current market dynamics that favor sellers. The sustained demand for HDB flats in Bishan, coupled with a limited supply due to the remaining lease term, contributes to the upward pressure on prices. Investors and homebuyers should consider the implications of the remaining lease, as it plays a significant role in long-term valuation and potential resale opportunities in the future.