3 Bed Walk-up Apartment (Condo) for Sale in Kilat 19

The valuation of the Executive HDB in Bukit Timah at an estimated value of $1,669,438 or $712 PSF positions this property significantly above the market baseline, reflecting a remarkable 259.4% difference from typical pricing in the area. This premium valuation can be attributed to several key factors, including the desirable location in Bukit Timah, an area renowned for its affluent demographics, accessibility to prestigious educational institutions, and proximity to lush green spaces. The remaining lease of 59 years also plays a crucial role in shaping buyer sentiment, as properties with longer leases tend to attract higher demand despite potential concerns about lease decay.

However, it is important to note that the model confidence for this valuation is categorized as low, suggesting that while the property commands a high price point, market dynamics may not fully support such a premium in the current climate. This analysis is based on three recent HDB resale transactions in the vicinity, indicating variability in buyer preferences and market conditions. As the landscape continues to evolve, potential buyers should remain vigilant and consider both the long-term implications of the lease term and the overall market sentiment when evaluating this opportunity.