5 Room (5I) HDB for Sale in 16 Toh Yi Drive

The valuation of the HDB 5-room unit in the prestigious Bukit Timah area reveals an estimated value of $999,842, translating to a price per square foot (PSF) of $761. This valuation places the property significantly above the market baseline, with a striking 28% premium. Such a discrepancy from the average market value indicates heightened demand in this locale, which is renowned for its prime residential appeal and proximity to key amenities.

However, it is important to note that the model confidence in this valuation is categorized as low, primarily due to the limited dataset available, derived from only three recent HDB resale transactions in the vicinity. The remaining lease of 60 years on the property further complicates the analysis, as properties with shorter leases typically experience diminished market interest and valuation stability. As the real estate landscape in Singapore continues to evolve, potential buyers should exercise caution, taking into account not only the current market dynamics but also future leasehold considerations that could impact long-term investment value.