3 Room (3I) HDB for Rent in 19 Toh Yi Drive

The valuation of the 3-room HDB unit in Bukit Timah, with a remaining lease of 61 years, is estimated at $524,195, translating to a price per square foot of $761. This valuation indicates a market position that reflects stability, given that it is aligned with the baseline market price, showing a 0% difference. Such a valuation is particularly noteworthy in a dynamic real estate market, where fluctuations can often sway property values significantly.

However, it is essential to highlight the low model confidence of this valuation, which stems from the limited data set available, comprising only two recent HDB resale transactions in the vicinity. This scarcity of comparative sales data may impact the reliability of the estimated value. As the property is situated in the prestigious Bukit Timah area, known for its attractive amenities and educational institutions, the remaining lease of 61 years will play a critical role in the long-term investment potential. Buyers should consider the implications of lease duration on future resale opportunities, particularly in a market where leasehold properties may attract varied investor interest.