8 Bed Bungalow (Landed) for Sale in Binjai Park

The HDB Executive property located in the prestigious Bukit Timah area, with a remaining lease of 84 years, has been estimated at a substantial value of $4,502,152, translating to a noteworthy $900 per square foot. This valuation indicates a marked premium above the baseline market level, with a striking 784% difference, signaling strong demand and desirability in this sought-after locale. Such an elevated price per square foot is indicative of the area's exceptional amenities, strategic location, and the overall attractiveness of the HDB segment within Bukit Timah.

Despite the model confidence being categorized as medium, the valuation draws upon a robust sample of 16 recent HDB resale transactions in the vicinity, providing an insightful reference point for market dynamics. The above-market valuation reflects not only the enduring appeal of Bukit Timah but also the resilience of HDB properties in urban settings, particularly with a longer remaining lease. As Singapore's real estate landscape continues to evolve, this property exemplifies the potential for long-term investment appreciation, underscoring the importance of lease tenure in determining value within the HDB market.