5 Room (5I) HDB for Sale in 12 Toh Yi Drive

The valuation of the HDB 5 Room property located in the prestigious Bukit Timah district, with a remaining lease of 61 years, stands at an estimated value of $998,606, translating to a price per square foot (PSF) of $761. This valuation indicates a significant premium over the baseline market value, reflecting a notable 25.2% increase. Such a discrepancy signals a robust demand for HDB properties in this sought-after locale, which is characterized by its proximity to reputable educational institutions, lush greenery, and affluent neighborhoods.

It is important to note that the model confidence for this valuation remains low, primarily due to the reliance on just three recent HDB resale transactions in the vicinity. While these transactions provide a glimpse into the current market dynamics, the limited data points suggest that further comprehensive analysis is warranted. Buyers and investors should carefully consider the implications of the remaining lease of 61 years, as well as the prevailing market conditions, which may influence future appreciation potential. As such, while the property commands a premium, prospective buyers should weigh the risks associated with the lease tenure and market volatility when making their investment decisions.