6 Bed Bungalow (Landed) for Rent in 1 King Albert Park

The valuation of the HDB Executive unit located in the prestigious Bukit Timah area, with a remaining lease of 70 years, stands at an estimated value of $7,467,940, translating to $879 PSF. This valuation reflects a market price that is consistent with the baseline, indicating a 0% difference and suggesting stability in the current market dynamics. However, it is essential to note that the model confidence for this valuation is categorized as low, which may be attributed to various factors, including the limited number of comparable resale transactions in the vicinity.

Recent data reveals that the valuation is grounded on only three recent HDB resale transactions, highlighting a potential lack of robust market activity within this segment. Given the unique characteristics of the Bukit Timah locale, known for its affluent demographic and proximity to various amenities, this property could be poised for future appreciation. Nevertheless, buyers and investors should approach this valuation with caution, considering the low confidence level and the implications of a limited transaction pool. The remaining lease of 70 years, while adequate, may also play a crucial role in influencing buyer sentiment and long-term investment viability.