5 Room (5I) HDB for Sale in 17 Toh Yi Drive

In the prestigious enclave of Bukit Timah, this HDB 5-room unit, with a remaining lease of 61 years, has been appraised at an estimated value of $1,108,120, translating to a price per square foot (PSF) of $805. The valuation reflects a modest 0.7% deviation from the current market price baseline, indicating a stable demand for HDB properties in this sought-after locality. However, the model confidence associated with this valuation is categorized as low, suggesting that market fluctuations or external economic factors may impact the actual sale price.

The valuation is informed by a review of four recent HDB resale transactions in the vicinity, which provide a crucial comparative basis. It is essential to note that while the Bukit Timah area is renowned for its proximity to reputable educational institutions and lush greenery, the remaining lease of 61 years could affect buyer sentiment, particularly among those sensitive to leasehold durations. As such, potential investors should weigh the implications of lease length against the backdrop of the evolving Singaporean real estate landscape, where demand can be influenced by both macroeconomic conditions and specific neighborhood characteristics.