5-Room HDB for Room Rent: 12 Toh Yi Drive

This valuation report pertains to a 5-room HDB unit located in the prestigious Bukit Timah area, with a remaining lease of 61 years. The estimated market value is set at $91,266, translating to a price per square foot (PSF) of $761. Notably, this valuation reflects a market signal indicating no deviation from the baseline price, suggesting stability in the local real estate market despite broader economic fluctuations.

It is imperative to consider the implications of the remaining lease on property value. In Singapore, HDB properties experience a depreciation trend as the lease period decreases, which may influence buyer sentiment and demand over time. The low model confidence associated with this valuation indicates potential variability in market conditions, warranting a cautious approach for prospective buyers. The analysis draws on three recent resale transactions in the vicinity, underscoring the need for ongoing monitoring of market dynamics as they evolve.