4 Room (4STD) HDB for Sale in 166 Bishan Street 13

The valuation of the HDB 4 Room property located in Bishan, with a remaining lease of 60 years, stands at an estimated value of $624,084, translating to a price per square foot (PSF) of $659. This valuation reflects a significant premium over the baseline market price, indicating an above-market valuation with a notable 13.6% difference. Such a discrepancy suggests a strong demand for HDB units in this locale, likely driven by Bishan's strategic location and its reputation as a highly sought-after residential area.

However, it is essential to approach this valuation with caution, as the model confidence is rated as low. This low confidence level is attributed to the limited data pool, with only three recent HDB resale transactions in the vicinity informing this estimate. Investors and prospective buyers should consider the implications of the remaining lease of 60 years, as lease decay can impact future resale value and marketability. The dynamics of the Bishan property market, characterized by its desirability and proximity to amenities, suggest that, while this valuation is elevated, it warrants a thorough analysis of long-term leasehold implications and market conditions before making any investment decisions.