3 Room (3STD) HDB for Sale in 110 Bishan Street 12

The valuation of this 3-room HDB flat in Bishan, with a remaining lease of 58 years, stands at an estimated value of $517,796, translating to a price per square foot (PSF) of $688. This valuation is notably positioned above the market baseline, indicating an 11% premium compared to comparable properties in the area. Such a discrepancy suggests that the property may be attracting a specific buyer demographic who values the unique characteristics of the Bishan locality, including its proximity to key amenities and excellent transport links.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset of only four recent HDB resale transactions in the vicinity. This scarcity of comparable sales may contribute to volatility in pricing and could suggest a more nuanced market dynamic at play. As the remaining lease on this property is moderate, potential buyers should weigh the long-term implications of lease duration against the current premium pricing. In a market where leasehold considerations are paramount, this HDB unit's valuation reflects both the desirability of the Bishan area and the complexities inherent in HDB market dynamics.