5 Room (5I) HDB for Sale in 194 Bishan Street 13

In the vibrant locality of Bishan, the valuation of the HDB 5-room unit stands at an estimated $940,729, translating to a price per square foot (PSF) of $723. This figure positions the property above the current market baseline by 13.7%, indicating a premium valuation relative to similar units in the vicinity. Such a variance suggests that the property may possess unique attributes or a desirable location that contributes to its elevated pricing. The remaining lease period of 59 years is a critical factor, as it significantly influences buyer sentiment and investment considerations, particularly in a dynamic market like Singapore's.

However, it is essential to note that the model confidence for this valuation is classified as low, reflecting potential volatility and uncertainty in the market. This conclusion is drawn from an analysis of three recent HDB resale transactions in the area, which may not fully encapsulate the broader market trends or nuances affecting Bishan's real estate landscape. As the demand for HDB units in prime locations continues to evolve, stakeholders should remain cognizant of the ongoing shifts in buyer preferences and the implications of lease tenure on property valuations.