9 Bed Bungalow (Landed) for Sale in Mayfair Modern

The valuation of the HDB Executive property located in the prestigious Bukit Timah area, with a remaining lease of 97 years, has been estimated at an impressive $12,606,025, translating to a price per square foot (PSF) of $900. This valuation positions the property significantly above the current market baseline, reflecting an 88% difference. Such a premium valuation not only underscores the desirability of Bukit Timah as a residential locale but also highlights the unique characteristics of HDB Executive flats, which cater to a demographic seeking larger living spaces in prime locations.

The model confidence for this valuation is categorized as medium, suggesting a level of caution due to potential market fluctuations. This assessment is informed by data from 16 recent HDB resale transactions within the vicinity, which indicates a robust demand for properties in this area. The extended lease of 97 years further enhances the investment appeal, as it provides buyers with a long-term horizon, mitigating concerns associated with lease decay. As the urban landscape continues to evolve, Bukit Timah remains a sought-after enclave, and this valuation reflects the ongoing market dynamics that favor premium properties in this region.