Issue 001June 4, 2026

Bishan Town Pulse | May 2026 | HDB Resale & Rental

Bishan Pulse May 2026
Roncasa ▪ Town Pulse Bishan · Central Region Verified as of 2 Aug 2026 May 2026
◆ Balanced Market◆ Hold Position◆ Tenant's Market
Median PSF · May 2026
$751 ▲ +2.5% MoM
Resale Transactions
32
▼ 15.8% vs prior mth
vs Region Median
+4.3%
▲ $720 base
Town Rank
#5 / 9
Central region by PSF

Bishan is trading about 4% above the wider region median — that gap is worth understanding before you make a move here.

Volume cooled noticeably in Bishan in May 2026, with 32 resale transactions compared to 38 in April. Month-on-month, the town median PSF edged up 2.5% to $751 — a constructive signal for sellers. The town sits above the regional median of $720 psf (+4.3%).

$751
Median PSF
32
Resale Transactions
#5
Town Rank (Central)

Verified as of 2 Aug 2026 · Latest resale data through May 2026 · Latest rental data through Jun 2026

01Town Context
$644$746$847MarAprMay2-Room3-Room4-Room5-RoomExecutive

Bishan median PSF by flat type (2/3/4/5-Room + Executive), last 3 months. Source: HDB Resale Transactions, data.gov.sg.

Scope Median PSF vs Bishan
Bishan $751
Central Region $720 -4.2%
Island Wide $602 -19.9%

Bishan ranks #5 of 9 Central region towns by median resale PSF this month. Source: HDB Resale Transactions, data.gov.sg.

Top Streets by Volume

Street Transactions Median PSF
Bishan St 23 2 transactions $737
Bishan St 12 1 transaction $769
Bishan St 13 1 transaction $791
Shunfu Rd 1 transaction $752
Shunfu Rd 1 transaction $666

Top 5 streets by resale transaction count this month. Source: HDB Resale Transactions, data.gov.sg.

Share of Town HDB Stock Transacted
0.17%
02Resale Market

Price Bands by Flat Type

Flat Type n Low (P25) Median High (P75) Median PSF
Overall 32 $717,000 $850,000 $1,023,750 $751
3-Room 4 $517,500 $536,000 $542,750 $760
4-Room 15 $714,000 $788,000 $854,000 $708
5-Room 10 $876,250 $991,500 $1,102,500 $761
Executive 3 $1,190,000 $1,240,000 $1,410,000 $789

Low/High = P25–P75 (APPROX_QUANTILES)
P25 (Low): 25% of flats sold below this price.
P50 (Median): The exact middle market price.
P75 (High): 75% of flats sold below this price.

May 2026 transactions only. Source: HDB Resale Transactions, data.gov.sg.

The $751 median PSF represents a 2.5% gain against April's $733. Transaction count fell 16% from 38 to 32. If you're a seller, this month's data supports holding asking price.

Bishan St 23 led with 2 transactions (6% of all town resale) at a median $737 psf — near the town median. Bishan St 12 followed with 1 transaction.

4-Room flats led resale activity in May 2026, accounting for 15 of 32 transactions (47%) at a median $708 psf. That flat type's PSF moved 2.3% down month-on-month.

Top Transactions

Block / Street Flat Type Storey Size Price PSF Lease Left
286 Bishan St 24 Executive 22 TO 24 1,604 $1,580,000 $985 65 years
03 months
273A Bishan St 24 4-Room 22 TO 24 1,023 $1,263,000 $1,235 84 years
04 months
231 Bishan St 23 Executive 07 TO 09 1,572 $1,240,000 $789 64 years
11 months
216 Bishan St 23 5-Room 13 TO 15 1,475 $1,150,000 $780 64 years
11 months
401 Sin Ming Ave Executive 01 TO 03 1,668 $1,140,000 $683 58 years
07 months
Block / Street Flat Type Storey Size Price PSF Lease Left
185 Bishan St 13 3-Room 04 TO 06 689 $545,000 $791 60 years
11 months
309 Shunfu Rd 3-Room 07 TO 09 721 $542,000 $752 57 years
06 months
110 Bishan St 12 3-Room 07 TO 09 689 $530,000 $769 58 years
10 months
313 Shunfu Rd 3-Room 01 TO 03 721 $480,000 $666 58 years
02 months
Block / Street Flat Type Storey Size Price PSF Lease Left
273A Bishan St 24 4-Room 22 TO 24 1,023 $1,263,000 $1,235 84 years
04 months
290 Bishan St 24 4-Room 16 TO 18 1,076 $960,000 $892 71 years
01 month
220 Bishan St 23 4-Room 07 TO 09 1,130 $875,000 $774 65 years
03 months
445 Sin Ming Ave 4-Room 07 TO 09 1,130 $858,000 $759 62 years
09 months
113 Bishan St 12 4-Room 10 TO 12 1,130 $850,000 $752 58 years
09 months
Block / Street Flat Type Storey Size Price PSF Lease Left
216 Bishan St 23 5-Room 13 TO 15 1,475 $1,150,000 $780 64 years
11 months
447 Bright Hill Dr 5-Room 19 TO 21 1,292 $1,118,000 $866 62 years
08 months
192 Bishan St 13 5-Room 07 TO 09 1,292 $1,110,000 $859 60 years
04 months
179 Bishan St 13 5-Room 10 TO 12 1,302 $1,080,000 $829 60 years
04 months
190 Bishan St 13 5-Room 16 TO 18 1,302 $1,005,000 $772 59 years
09 months
Block / Street Flat Type Storey Size Price PSF Lease Left
286 Bishan St 24 Executive 22 TO 24 1,604 $1,580,000 $985 65 years
03 months
231 Bishan St 23 Executive 07 TO 09 1,572 $1,240,000 $789 64 years
11 months
401 Sin Ming Ave Executive 01 TO 03 1,668 $1,140,000 $683 58 years
07 months

Top 5 resale transactions by price. Source: HDB Resale Transactions, data.gov.sg.

Lease Decay Comparison

$1,12880-89$81370-79$78560-69$732under-60

Median PSF by remaining lease band, blended across 2/3/4/5-Room and Executive flats. Detail by flat type below. Source: HDB Resale Transactions, data.gov.sg.

5-Room flats in Bishan show a real lease-decay gap — units with 80-89 years remaining trade at $1,161 psf against $732 psf for the under-60 band, a 37% spread. That's the clearest single number in this report for anyone deciding how much a shorter lease should actually discount a flat.

Unit Type Breakdown

Lease Band N (Txn this mth) Median Price Median PSF
90+ years 0 No resale transactions lodged in the past 5 years for this size.
80-89 years 0 No resale transactions lodged in the past 5 years for this size.
70-79 years 0 No resale transactions lodged in the past 5 years for this size.
60-69 years 0 No resale transactions lodged in the past 5 years for this size.
under-60 years 0 No resale transactions lodged in the past 5 years for this size.
Lease Band N (Txn this mth) Median Price Median PSF
90+ years 0 No resale transactions lodged in the past 5 years for this size.
80-89 years 0 No resale transactions lodged in the past 5 years for this size.
70-79 years 0 No resale transactions lodged in the past 5 years for this size.
60-69 years 2012-mo avg · 20 transactions $558,500 $811
under-60 years 4512-mo avg · 45 transactions $532,000 $749
Lease Band N (Txn this mth) Median Price Median PSF
90+ years 0 No resale transactions lodged in the past 5 years for this size.
80-89 years 912-mo avg · 9 transactions $1,120,000 $1,095
70-79 years 4 Last transacted: May 2026 · $892 psf
60-69 years 8 $782,500 $699
under-60 years 5 $708,000 $708
Lease Band N (Txn this mth) Median Price Median PSF
90+ years 0 No resale transactions lodged in the past 5 years for this size.
80-89 years 1112-mo avg · 11 transactions $1,500,000 $1,161
70-79 years 1012-mo avg · 10 transactions $1,066,500 $813
60-69 years 7 $1,080,000 $780
under-60 years 1212-mo avg · 12 transactions $949,000 $732
Lease Band N (Txn this mth) Median Price Median PSF
90+ years 0 No resale transactions lodged in the past 5 years for this size.
80-89 years 0 No resale transactions lodged in the past 5 years for this size.
70-79 years 0 No resale transactions lodged in the past 5 years for this size.
60-69 years 3612-mo avg · 36 transactions $1,259,000 $790
under-60 years 4 Last transacted: May 2026 · $683 psf

Lease Bands: Remaining years on the lease. Low Volumes: If under 5 sales, data expands.
Fallback 1: Uses 12-month average (flagged). Fallback 2: Uses 5-year transaction history.

Data Source: HDB Resale Transactions, data.gov.sg.

03Rental MarketLatest available: Jun 2026 · HDB rental lodgements typically lag ~1 month behind resale

No leases lodged in the past 5 years for this size.

Median Rent
$3,000/mo
Rent MoM
+1.7%
Leases This Month
13
Lease Volume MoM (vacancy proxy)
-7.1%

Rents holding steady (+1.7% MoM) on steady lease volume.

Top Streets — 3-Room Rentals

Street Leases Median Rent
Shunfu Rd 2 $3,150/mo
Shunfu Rd 2 $3,100/mo
Sin Ming Rd 2 $2,900/mo
Median Rent
$3,675/mo
Rent MoM
-2.0%
Leases This Month
34
Lease Volume MoM (vacancy proxy)
-17.1%

Rents softening (-2.0% MoM) on thinning lease volume — a vacancy-proxy signal worth watching.

Top Streets — 4-Room Rentals

Street Leases Median Rent
Sin Ming Rd 3 $3,400/mo
Bishan St 22 2 $3,725/mo
Shunfu Rd 2 $3,400/mo
Median Rent
$4,025/mo
Rent MoM
+3.2%
Leases This Month
8
Lease Volume MoM (vacancy proxy)
-57.9%

Rents firming (+3.2% MoM) on thinning lease volume — a vacancy-proxy signal worth watching.

Top Streets — 5-Room Rentals

Street Leases Median Rent
Bishan St 11 1 $4,600/mo
Bishan St 12 1 $4,050/mo
Bishan St 12 1 $4,000/mo
Median Rent
$4,500/mo
12-mo avg · 32 leases
Rent MoM
n/a
Leases This Month
1
Lease Volume MoM (vacancy proxy)
n/a

HDB leases lodged with HDB / data.gov.sg. Excludes private residential. No vacancy_supply table equivalent exists for HDB — lease-volume MoM is used here as the vacancy proxy signal. Source: HDB Rental Transactions, data.gov.sg.

Ron's Read

A 2.5% PSF uptick at steady volume is a constructive signal — prices moving on genuine activity, not a thin-month statistical blip. Sellers have some pricing power. Sellers can hold asking prices with reasonable confidence. Buyers chasing specific blocks should price in less negotiating room this month. That 37% 5-Room lease-decay spread between the 80-89 and under-60 bands is the number to anchor any negotiation on a shorter-lease unit here — don't let a seller price a thinning lease like a fresh one.

05What It Means For You
What It Means For You

No resale transactions lodged in the past 5 years for this size.

Typical Entry Price
$542,419
12-mo avg · 65 transactions
vs Region Median PSF
+6.9%
Est. Gross Yield
Rental Range
$3,000–$3,200/mo

Flat — no clear month-on-month signal yet for this flat type; anchor to recent comparables.

Estimate only, based on this flat type's typical unit size and this month's rental medians. Not a guaranteed return.

Gross yield = annual rent ÷ purchase price.

Book a Consultation
Typical Entry Price
$792,377
vs Region Median PSF
-1.7%
Est. Gross Yield
~5.6%
Rental Range
$3,400–$3,800/mo

Softening (-2.3% MoM) — a reasonable window to negotiate on this flat type.

Estimate only, based on this flat type's typical unit size and this month's rental medians. Not a guaranteed return.

Gross yield = annual rent ÷ purchase price.

Book a Consultation
Typical Entry Price
$991,496
vs Region Median PSF
+5.7%
Est. Gross Yield
~4.9%
Rental Range
$3,900–$4,350/mo

Rising (+9.0% MoM) — expect less room to negotiate on this flat type.

Estimate only, based on this flat type's typical unit size and this month's rental medians. Not a guaranteed return.

Gross yield = annual rent ÷ purchase price.

Book a Consultation
Typical Entry Price
$1,267,740
12-mo avg · 40 transactions
vs Region Median PSF
+9.8%
Est. Gross Yield
~4.3%
12-mo avg basis
Rental Range
$4,200–$4,925/mo

Flat — no clear month-on-month signal yet for this flat type; anchor to recent comparables.

Estimate only, based on this flat type's typical unit size and this month's rental medians. Not a guaranteed return.

Gross yield = annual rent ÷ purchase price.

Book a Consultation

No resale transactions lodged in the past 5 years for this size.

Resale Transactions
4
Exit Price Est.
$542,419
12-mo avg · 65 transactions
Exit Median PSF
$769

Flat — no clear month-on-month PSF signal yet for this flat type.

Rental steady, +1.7% MoM (13 leases last month). Currently +6.9% vs the region median.

Get a Free Valuation
Resale Transactions
15
Exit Price Est.
$792,377
Exit Median PSF
$708

Softening (-2.3% MoM) — buyers may push back on this flat type.

Rental softening, -2.0% MoM — price with that in mind (34 leases last month). Currently -1.7% vs the region median.

Get a Free Valuation
Resale Transactions
10
Exit Price Est.
$991,496
Exit Median PSF
$761

Rising (+9.0% MoM) — expect less room to negotiate on this flat type.

Rental strong, +3.2% MoM — supports pricing (8 leases last month). Currently +5.7% vs the region median.

Get a Free Valuation
Resale Transactions
3
Exit Price Est.
$1,267,740
12-mo avg · 40 transactions
Exit Median PSF
$790

Flat — no clear month-on-month PSF signal yet for this flat type.

32 leases over the trailing 12 months (12-mo avg · 32 leases) — this month's count is too thin for a MoM read. Currently +9.8% vs the region median.

Get a Free Valuation

No leases lodged in the past 5 years for this size.

Median Rent
$3,000/mo
Low–High Range
$3,000–$3,200/mo
Est. Gross Yield

Rents holding steady (+1.7% MoM) on steady lease volume.

Street Leases Median Rent
Shunfu Rd 2 $3,150/mo
Shunfu Rd 2 $3,100/mo
Sin Ming Rd 2 $2,900/mo

Low/High = P25–P75 rent range this month.

Talk Rental Strategy
Median Rent
$3,675/mo
Low–High Range
$3,400–$3,800/mo
Est. Gross Yield
~5.6%

Rents softening (-2.0% MoM) on thinning lease volume — a vacancy-proxy signal worth watching.

Street Leases Median Rent
Sin Ming Rd 3 $3,400/mo
Bishan St 22 2 $3,725/mo
Shunfu Rd 2 $3,400/mo

Low/High = P25–P75 rent range this month.

Talk Rental Strategy
Median Rent
$4,025/mo
Low–High Range
$3,900–$4,350/mo
Est. Gross Yield
~4.9%

Rents firming (+3.2% MoM) on thinning lease volume — a vacancy-proxy signal worth watching.

Street Leases Median Rent
Bishan St 11 1 $4,600/mo
Bishan St 12 1 $4,050/mo
Bishan St 12 1 $4,000/mo

Low/High = P25–P75 rent range this month.

Talk Rental Strategy
Median Rent
$4,500/mo
12-mo avg · 32 leases
Low–High Range
$4,200–$4,925/mo
Est. Gross Yield
~4.3%
12-mo avg basis

12-mo avg · 32 leases

Low/High = P25–P75 rent range this month.

Talk Rental Strategy