5 Bed Bungalow (Landed) for Sale in Hong Kong Park

The valuation of the HDB Executive unit in Bukit Timah, with a remaining lease of 88 years, has been estimated at an impressive $10,411,676, translating to approximately $900 per square foot. This valuation positions the property significantly above the current market baseline, reflecting a remarkable 63.1% difference. Such a premium indicates a robust demand for HDB properties in this prestigious district, known for its proximity to high-quality educational institutions, lush greenery, and affluent lifestyle amenities.

Analyzing the recent market dynamics, this valuation is supported by insights drawn from 16 comparable HDB resale transactions in the vicinity. The medium model confidence suggests a reasonable degree of certainty in this assessment, although market fluctuations can influence future valuations. As Bukit Timah continues to attract both local and foreign interest, the sustained demand for HDB units in this area is anticipated to maintain upward pressure on property values. This trend underscores the strategic importance of long leasehold properties, such as this Executive unit, in a competitive real estate landscape.