3-Room HDB for Room Rent: 34 Whampoa West

The valuation of the HDB 3-room unit in Bishan, with a remaining lease of 44 years, stands at an estimated value of $40,048, translating to a price per square foot (PSF) of $334. This valuation reflects a market price that is consistent with the baseline, indicating a stability in price dynamics within this sought-after district. Such stability is noteworthy, particularly in a market characterized by fluctuating demand and supply pressures.

Based on an analysis of 21 recent HDB resale transactions in the vicinity, the model confidence level is assessed as high, reinforcing the reliability of this valuation. The resilience of the Bishan property market can be attributed to several factors, including its strategic location, accessibility to public transportation, and the presence of amenities that cater to the lifestyle needs of residents. As the remaining lease is a critical aspect for potential buyers, this property remains appealing given its favourable leasing duration, ensuring continued demand in a competitive market.