4 Room (4A) HDB for Rent in 12 Toh Yi Drive

The valuation of the 4-room HDB unit in Bukit Timah, with a remaining lease of 61 years, stands at an estimated value of $790,720, translating to a competitive price of $707 per square foot. This valuation indicates a market equilibrium, as it reflects a 0% difference from the baseline price, suggesting that current market sentiments are stable and that buyers are willing to transact at this price point without any premium or discount. Such a scenario underscores the resilience of the HDB market in this prestigious neighborhood, which is characterized by its proximity to quality schools, lush greenery, and vibrant community amenities.

The high model confidence level, derived from an analysis of 23 recent HDB resale transactions in the vicinity, further reinforces the reliability of this valuation. The consistent pricing observed in these transactions indicates a strong demand for HDB properties in Bukit Timah, even as the remaining lease of 61 years may typically pose a concern for some buyers. However, the attractiveness of the location and the ongoing urban development in the area seem to mitigate such apprehensions, suggesting that this property remains a sound investment for both owner-occupiers and investors alike.