4 Room (4S) HDB for Sale in 271 Bishan Street 24

This valuation report presents an in-depth analysis of a 4-room HDB property located in the highly sought-after district of Bishan. With a remaining lease of 64 years, the estimated value stands at $888,607, translating to a price per square foot (PSF) of $718. This valuation reflects a modest 4.2% deviation from the baseline market price, indicating a slight premium that reflects both the desirability of the Bishan locale and the current market dynamics.

However, it is essential to note that our model confidence in this valuation is categorized as low, primarily due to the limited data pool, which is based on only two recent HDB resale transactions in the vicinity. This scarcity of transactions may introduce volatility in pricing metrics, suggesting that potential buyers should approach this valuation with a degree of caution. The interplay between the remaining lease duration and the local market demand is crucial; as lease tenure diminishes, it could potentially impact future resale values, particularly in a competitive market such as Bishan, known for its prime location and robust amenities.