3 Room (3NG) HDB for Rent in 19 Toh Yi Drive

The valuation of the HDB 3-room unit located in the prestigious Bukit Timah area, with a remaining lease of 61 years, is currently estimated at $524,195, translating to $761 per square foot (PSF). This valuation reflects a market price that is stable, indicating a 0% difference from the baseline. The stability in pricing suggests a balanced market environment, where demand and supply are closely aligned, thus reinforcing the property’s value amidst ongoing urban dynamics.

However, it is important to note that the model confidence in this valuation is classified as low, primarily due to the limited data available from only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may impact the robustness of the valuation, as broader market signals could fluctuate with changes in buyer sentiment or economic conditions. The remaining lease of 61 years, while still substantial, may also factor into potential buyer considerations, as lease duration plays a critical role in HDB valuations, especially in sought-after locales like Bukit Timah.