2 Bed Walk-up Apartment (Condo) for Sale in Whampoa Drive

The valuation of the HDB 4-room unit in Bishan, with an estimated value of $806,491 ($781 PSF), reflects a robust market sentiment, particularly given its remaining lease of 75 years. This premium valuation is indicative of the high demand for residential properties within the Bishan precinct, a location well-regarded for its strategic connectivity, quality amenities, and family-friendly environment. The unit's pricing is positioned at 94.5% above the baseline, signaling a strong market signal that surpasses typical valuation thresholds, suggesting a competitive bidding landscape among prospective buyers.

Our analysis, grounded in data from 349 recent HDB resale transactions within the vicinity, reinforces a high model confidence in this valuation. The sustained interest in Bishan can be attributed to its reputation as a desirable residential enclave, coupled with limited availability of HDB units, which continues to drive prices upward. As demand persists, it is crucial for stakeholders to consider the implications of remaining lease duration, as properties with longer leases generally maintain their value more effectively over time. This valuation not only underscores the current market dynamics but also highlights the potential for long-term appreciation in an area that is likely to remain a focal point for homebuyers in Singapore.