5 Room (5I) HDB for Sale in 172 Bishan Street 13

The valuation of the 5-room HDB in Bishan, with a remaining lease of 59 years, stands at an estimated value of $816,401, translating to a price per square foot (PSF) of $627. This valuation reflects a notable premium above the baseline market price by 12.7%, indicating a robust demand in this highly sought-after district. Such a significant deviation from the baseline is indicative of the desirability of Bishan as a residential locale, characterized by its strategic location, excellent connectivity, and proximity to amenities.

Our analysis, underpinned by a comprehensive review of 124 recent HDB resale transactions in the vicinity, demonstrates a high model confidence in the valuation presented. The strong market signal suggests that buyers are willing to pay a premium for properties in this area, likely driven by factors such as neighborhood reputation, educational institutions, and recreational facilities that enhance the overall living experience. As the remaining lease period of 59 years continues to provide ample time for prospective homeowners, the property remains an attractive investment opportunity in the evolving Singapore real estate landscape.