9 Bed Bungalow (Landed) for Sale in Phillips Avenue

The valuation of the HDB Executive unit located in the sought-after Serangoon area reveals an estimated market value of $6,239,200, translating to a remarkable $710 PSF. This valuation reflects a significant premium over the baseline market expectations, positioning this property at an impressive 108.4% above market. Such a robust valuation is indicative of strong buyer demand and a competitive market environment, particularly for HDB properties in regions like Serangoon, which are known for their vibrant community and accessibility to essential amenities.

With a remaining lease of 75 years, this property benefits from a substantial tenure that enhances its appeal among potential buyers who are often willing to pay a premium for longer leases. The model's high confidence level is further substantiated by an analysis of 116 recent HDB resale transactions within the vicinity, providing a solid foundation for this valuation. The data suggests a healthy demand for executive HDB units in this area, likely driven by a combination of location desirability, comprehensive facilities, and the overall trajectory of the real estate market in Singapore.