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

The valuation of the HDB Executive property in Bukit Timah, with a remaining lease of 65 years, stands at an estimated value of $8,566,166, translating to a price per square foot (PSF) of $816. This valuation reflects a market price that is perfectly aligned with the baseline, indicating a stable market sentiment in this prestigious locale. The Bukit Timah district, known for its affluent residential appeal and proximity to reputable educational institutions, continues to attract discerning buyers despite the challenges posed by an evolving real estate landscape.

However, it is crucial to note the low confidence level associated with this valuation, primarily driven by the limited dataset comprising just three recent HDB resale transactions in the vicinity. The market dynamics suggest a cautious approach, as potential buyers must weigh the implications of the remaining lease against the backdrop of a saturated resale market. As the remaining lease diminishes, it could influence buyer sentiment and future value appreciation. Therefore, while the current valuation suggests stability, ongoing monitoring of market trends and leasehold implications will be essential for stakeholders in this segment.