6 Bed Bungalow (Landed) for Sale in Greenbank Park

The valuation of the HDB Executive property located in the prestigious Bukit Timah area underscores the complexities of the current real estate landscape in Singapore. With a remaining lease of 80 years and an estimated value of $4,612,551, translating to a remarkable $923 PSF, this property is positioned significantly above the market baseline. The substantial 309.5% difference from the baseline value signals a strong demand for HDB units in this sought-after locale, albeit accompanied by a low confidence level in the model's estimation. This discrepancy suggests the presence of unique attributes or market anomalies driving the pricing beyond typical valuation metrics.

Recent transactions in the vicinity provide a vital context for this valuation. The analysis is based on three comparable HDB resale transactions, which, while informative, highlight the potential volatility in pricing influenced by various market factors. As the Bukit Timah district continues to attract affluent buyers and investors, the dynamics of HDB leases become increasingly crucial. Buyers should consider the implications of the remaining lease duration on future resale value and market desirability, particularly in a landscape where leasehold properties can experience significant fluctuations in value based on the length of remaining tenure. The current valuation reflects not just the physical attributes of the property, but also the broader economic and demographic trends shaping the Bukit Timah market.