3-Room HDB for Room Rent: 19 Toh Yi Drive

The valuation of the HDB 3-room unit in Bukit Timah, with a remaining lease of 61 years, stands at an estimated value of $91,297, translating to a price per square foot (PSF) of $761. This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference from the expected market trends. Such stability in pricing suggests a level of resilience in the Bukit Timah area, which is known for its desirable location and amenities, appealing to families and young professionals alike.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on only two recent resale transactions in the vicinity. This limited data set may not fully capture the broader market dynamics and fluctuations that can influence HDB prices. As the remaining lease is a critical factor in HDB valuations, potential buyers should consider the implications of the 61-year lease on future resale value and marketability. Investors and homeowners alike should remain vigilant in monitoring ongoing trends in the HDB market, particularly in high-demand areas such as Bukit Timah.