5 Bed Semi-Detached House (Landed) for Sale in Ridgevale Gardens

The HDB Executive property located in Bukit Timah, with a remaining lease of 69 years, has been appraised at an estimated value of $2,703,377, equating to a price per square foot (PSF) of $845. This valuation positions the property above the prevailing market baseline by a notable 129.3%, indicating a strong demand and a competitive edge in this prestigious enclave. Such a premium reflects not only the intrinsic value associated with the Bukit Timah locality, renowned for its proximity to educational institutions and lush greenery, but also highlights the robust market dynamics influencing HDB transactions in this area.

Based on an analysis of 19 recent HDB resale transactions within the vicinity, the model confidence in this valuation is categorized as medium, suggesting a reasonable degree of reliability despite potential market fluctuations. The unique characteristics of this Executive flat, combined with the remaining lease period, provide significant leverage for prospective buyers, particularly those seeking a long-term investment in a highly coveted neighborhood. As urban development continues to evolve, the sustained interest in HDB properties, especially in prime locations like Bukit Timah, underscores the resilience of the local real estate market.