Terraced House for Room Rent: Prome Road

The valuation of the 4-room HDB unit in Bishan, with a remaining lease of 85 years, stands at an estimated value of $194,732, translating to a price per square foot (PSF) of $779. This assessment reflects a market price that is in alignment with the baseline, indicating a stable demand within this sought-after residential enclave. The strong model confidence, rated as high, is derived from an extensive analysis of 355 recent HDB resale transactions in the vicinity, reinforcing the reliability of this valuation.

Bishan continues to be a prime location in Singapore’s public housing market, characterized by its centrality and excellent connectivity. The 85-year remaining lease adds significant value, appealing to both first-time buyers and investors seeking long-term rental opportunities. In this competitive landscape, the steady price point signals a balanced market, where supply meets the robust demand driven by the region's strategic advantages, including proximity to educational institutions, amenities, and vibrant community facilities.