Maisonette HDB for Sale in 2 Toh Yi Drive

The HDB Executive property located in the prestigious Bukit Timah area, with a remaining lease of 61 years, has been appraised at an estimated value of $1,203,023, translating to a price per square foot (PSF) of $765. This valuation positions the property significantly above the current market baseline, reflecting a 33% premium. Such a valuation indicates strong demand dynamics in this sought-after locality, where proximity to amenities, educational institutions, and lush greenery enhances the desirability of the property.

However, it is important to note that the model confidence for this valuation is classified as low, which suggests the potential for fluctuations in market conditions. This assessment is derived from analysis of five recent HDB resale transactions in the vicinity, underscoring the need for caution when interpreting these figures. The Bukit Timah area, known for its affluent demographic and limited land availability, could justify the elevated valuation; nonetheless, the remaining lease of 61 years necessitates careful consideration from potential buyers regarding long-term investment implications.