5 Room (5I) HDB for Sale in 209 Bishan Street 23

The valuation of the HDB 5-room unit in Bishan, with a remaining lease of 63 years, stands at an estimated value of $845,230, translating to a price per square foot (PSF) of $644. This valuation is notably positioned above the market average, indicating a 65.6% difference from the baseline. Such a premium is reflective of Bishan's enduring appeal as a prime residential enclave within Singapore, characterized by its strategic location, well-established amenities, and high demand for HDB properties.

However, it is essential to note that the model confidence in this valuation remains low, primarily due to the reliance on a limited dataset, with only one recent HDB resale transaction in the vicinity to inform this estimate. This lack of robust transactional data may introduce volatility into the assessment, suggesting investors should approach this valuation with a degree of caution. The dynamics of the HDB lease, combined with market conditions, underscore the importance of thorough due diligence for potential buyers in this competitive landscape.