8 Bed Bungalow (Landed) for Sale in Upper Bukit Timah Road

The valuation of the HDB Executive property located in the prestigious Bukit Timah area reflects a significant market trend, with an estimated value of $13,498,520, translating to $900 PSF. This valuation positions the property at a remarkable 135.6% above the baseline market rate, indicating a strong demand for residential properties in this sought-after locale. The remaining lease of 75 years adds substantial value, as properties with extended leases are generally perceived as more desirable, especially in a market where lease tenure plays a critical role in buyer sentiment.

Analysis of 19 recent HDB resale transactions in the vicinity provides a robust foundation for this valuation, although the model confidence is categorized as medium. This suggests a need for careful consideration of the local market dynamics, which currently favor sellers due to heightened buyer interest and limited supply. The premium pricing reflects not only the property’s intrinsic value but also the broader trend of escalating prices in high-demand areas like Bukit Timah, driven by factors such as proximity to quality educational institutions, recreational amenities, and overall lifestyle appeal.