124 Bishan Street 12 570124, Bishan East, Central Region, Singapore
$1,200,000
This is a 5-Room HDB unit for Sale in 124 Bishan Street 12, within walking distance to NS17 Bishan MRT (NSL). Key feature ✓ Excellent condition ✓ Spacious layout ✓ Ensuite bathroom ✓ Convenient location Block 124 comprises of 88 units over 12 floors, and close to a coffeeshop. Nearby amenities ⭑ Nearby MRTs • NS17 Bishan MRT (800m) - 12 mins walk ⭑ Nearby Bus stops • Blk 125 (85 m) - 2 mins walk • Opposite Blk 125 (106 m) - 2 mins walk • Opp Blk 125 (108 m) - 2 mins walk • 6 more walking distance bus stops within 500 m ⭑ Nearby Grocery Stores • Impec Commercial Marketing Co (259 m) - 4 mins walk • Mobile Bee (Bishan) (287 m) - 4 mins walk • FairPrice - Bishan Blk 510 (321 m) - 5 mins walk • 2 more walking distance grocery stores within 500 m ⭑ Nearby Schools • Guangyang Primary School (220 m) - 4 mins walk • Guangyang Secondary School (258 m) - 4 mins walk • Kuo Chuan Presbyterian Primary School (528 m) - 5 mins drive • 5 more schools within 1 km ⭑ Nearby Parks • Bishan Circular Cycling Ramp (764 m) - 4 mins drive • Blk 118A Pavilion (995 m) - 9 mins drive • 8 parks within 5 km Whatsapp EDMUND TAN TL from 99.co @ +65 9798 XXXX for enquiries.
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3008022J
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Automated Valuation based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$806,137
S$619 psf
Asking Price
S$1.20M
S$922 psf
vs Market
+48.9%
vs Last Done
+28.1%
Tenure
59 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Bishan
584m away · +2% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$720
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.843
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$619
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneApr 2024 | Blk 124 BISHAN ST 12 Floor 07 TO 09 | 1,302sqft | S$938,000 | ▲S$720 +16.3% vs FV | 99yr from 1987 |
Apr 2024 | Blk 124 BISHAN ST 12 Floor 07 TO 09 | 1,302sqft | S$938,000 | ▲S$720 +16.3% vs FV | 99yr from 1987 |
Blk 124 BISHAN ST 12
Apr 2024 · Floor 07 TO 09
+16.3% vs FV
Blk 124 BISHAN ST 12
Apr 2024 · Floor 07 TO 09
+16.3% vs FV
HELIOS AI Analysis
The valuation of the 5-room HDB unit in Bishan, with a remaining lease of 59 years, stands at an estimated value of $806,137, translating to a price per square foot (PSF) of $619. This valuation is noteworthy as it is positioned significantly above the market baseline by 48.9%. Such a premium suggests a robust demand for HDB properties in this sought-after locality, reflecting Bishan's appeal due to its strategic location, accessibility, and reputation as a family-friendly neighborhood.
However, the model confidence for this valuation is categorized as low, primarily due to the reliance on only one recent HDB resale transaction in the vicinity for comparative analysis. This limited data point raises questions about the sustainability of this elevated pricing, considering the broader market dynamics and potential fluctuations in buyer sentiment. As the remaining lease diminishes, it will be crucial for stakeholders to closely monitor the evolving market landscape, as future transactions may either validate this premium or indicate a recalibration of expectations in line with market realities.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.