Strata
Project page · Freehold
Based on 3 sales in this project, last 24 months. Search widened 2 of 4 steps to find enough comparable sales. See the comparable sales.
No storey entered, so sales were not adjusted for height
Comparable sales
Each price per area is scaled to Q2 2026 by the published index for the quarter it sold in.
| Sold | Where | Floor | Size | Price | Per sqft | Index × | Adjusted |
|---|---|---|---|---|---|---|---|
| Aug 2026 | Strata | 11-15 | 1,066 sqft | S$2,100,000 | S$1,971 psf | ×1.000 | S$1,971 psf |
| Apr 2026 | Strata | 31-35 | 1,066 sqft | S$2,220,000 | S$2,083 psf | ×1.000 | S$2,083 psf |
| Sept 2025 | Strata | 06-10 | 840 sqft | S$1,750,000 | S$2,084 psf | ×0.988 | S$2,060 psf |
How accurate is this estimate for Strata?
We re-ran the estimate as of Q4 2025 on what was known at the time, then compared it with the 4 sales in Strata since.
- Median error
- 9.0%
Half the estimates came closer than this to what the home actually fetched, half missed by more.
A thin test: 4 sales, so read the figure as a hint, not a verdict.
What the rent says
What this home earns against what it costs, set beside what homes like it earn.
2.46% gross yield
S$54,000 of rent a year against the estimate above · 0.17 points below flats like it
Leases signed here within a quarter of this size run about S$4,500 a month, the middle of 32 of them.
In the core central region, freehold flats yield 2.63%, from 820 projects. Too few share this home's remaining lease to measure that separately.
A yield above the mark means the flat rents well for what it costs, which can point to a keen rental patch or a price the sales alone have not caught up with. Below it, buyers are paying for something a tenant will not, such as the address itself.
Recent leases signed here
| Signed | Size | Beds | Type | Rent a month |
|---|---|---|---|---|
| Q3 2026 | 1200-1300 sqft | 2 | Non-landed Properties | S$5,700 |
| Q3 2026 | 1200-1300 sqft | 2 | Non-landed Properties | S$5,700 |
| Q3 2026 | 1000-1100 sqft | 2 | Non-landed Properties | S$4,800 |
| Q3 2026 | 1000-1100 sqft | 2 | Non-landed Properties | S$4,800 |
| Q3 2026 | 1000-1100 sqft | 2 | Non-landed Properties | S$4,800 |
| Q3 2026 | 1000-1100 sqft | 2 | Non-landed Properties | S$4,600 |
| Q3 2026 | 800-900 sqft | 2 | Non-landed Properties | S$4,500 |
| Q3 2026 | 800-900 sqft | 2 | Non-landed Properties | S$4,500 |
median of 32 URA rental contracts at Strata within a quarter of 99 sqm, since 2025Q4.
Buying or selling at S$2,195,327?
Buying: Stamp duty on S$2,195,327 · Cash and CPF needed on S$2,195,327 · How much can I borrow · Monthly repayment on a 75% loan · Property tax on this rent.
Selling: Net proceeds from selling on S$2,195,327.
Each opens with this figure filled in; change anything there.
Primary schools near 1 Essex Road
Measured from each school's land to this address's own point, the way MOE bands P1 priority. MOE measures to the building's outline, so near 1 km or 2 km check OneMap's School Query.
Within about 1 km
- St. Joseph's Institution Junior (boys) · 41 m · balloted in 2025 Phase 2C (citizens 1-2 km away)
- Farrer Park Primary School · 805 m · no 2025 Phase 2C ballot
- Anglo-Chinese School (Junior) (boys) · 918 m · balloted in 2025 Phase 2C (citizens within 1 km) · near the line — check on OneMap
- Anglo-Chinese School (Primary) (boys) · 963 m · balloted in 2025 Phase 2C (citizens within 1 km) · near the line — check on OneMap
1 to 2 km
- Hong Wen School · 1,395 m · balloted in 2025 Phase 2C (citizens within 1 km)
- St. Margaret's School (Primary) (girls) · 1,413 m · no 2025 Phase 2C ballot
- CHIJ Primary (Toa Payoh) (girls) · 1,610 m · balloted in 2025 Phase 2C (citizens within 1 km)
- Singapore Chinese Girls' Primary School (girls) · 1,810 m · balloted in 2025 Phase 2C (citizens within 1 km)
Past transactions
| Date | Detail | Area | Price | Per area |
|---|---|---|---|---|
| Aug 2026 | Strata · 11-15 · Apartment | 1,066 sqft | S$2,100,000 | S$1,971 psf |
| Jun 2026 | Strata · 06-10 · Apartment | 506 sqft | S$1,068,000 | S$2,111 psf |
| Apr 2026 | Strata · 31-35 · Apartment | 1,066 sqft | S$2,220,000 | S$2,083 psf |
| Mar 2026 | Strata · 06-10 · Apartment | 506 sqft | S$1,072,000 | S$2,119 psf |
| Sept 2025 | Strata · 06-10 · Apartment | 840 sqft | S$1,750,000 | S$2,084 psf |
| Oct 2024 | Strata · 06-10 · Apartment | 840 sqft | S$1,700,000 | S$2,025 psf |
| Jul 2024 | Strata · 16-20 · Apartment | 1,066 sqft | S$2,038,000 | S$1,912 psf |
| May 2024 | Strata · 01-05 · Apartment | 506 sqft | S$980,000 | S$1,937 psf |
| Dec 2023 | Strata · 01-05 · Apartment | 506 sqft | S$973,800 | S$1,925 psf |
| Dec 2023 | Strata · 11-15 · Apartment | 1,066 sqft | S$1,930,000 | S$1,811 psf |
| May 2023 | Strata · 31-35 · Apartment | 1,066 sqft | S$2,180,000 | S$2,046 psf |
| Mar 2023 | Strata · 16-20 · Apartment | 1,292 sqft | S$2,188,000 | S$1,694 psf |
| Mar 2023 | Strata · 26-30 · Apartment | 1,636 sqft | S$2,810,000 | S$1,717 psf |
| Oct 2022 | Strata · 11-15 · Apartment | 1,066 sqft | S$1,900,000 | S$1,783 psf |
| Feb 2022 | Strata · 06-10 · Apartment | 506 sqft | S$975,000 | S$1,927 psf |
| Dec 2021 | Strata · 21-25 · Apartment | 1,636 sqft | S$2,610,000 | S$1,595 psf |
| Nov 2021 | Strata · 06-10 · Apartment | 506 sqft | S$970,000 | S$1,917 psf |
Sale prices as filed in caveats.
| Period | Detail | Monthly rent | Per area |
|---|---|---|---|
| Q3 2026 | Strata · 1200-1300 sqft · 2 bed · Non-landed Properties | S$5,700 | S$4.56 psf |
| Q3 2026 | Strata · 1200-1300 sqft · 2 bed · Non-landed Properties | S$5,700 | S$4.56 psf |
| Q3 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q3 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q3 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q3 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,600 | S$4.38 psf |
| Q3 2026 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,500 | S$5.29 psf |
| Q3 2026 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,500 | S$5.29 psf |
| Q3 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,300 | S$4.10 psf |
| Q3 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,300 | S$4.10 psf |
| Q3 2026 | Strata · 1200-1300 sqft · 2 bed · Non-landed Properties | S$4,300 | S$3.44 psf |
| Q3 2026 | Strata · 1200-1300 sqft · 2 bed · Non-landed Properties | S$4,300 | S$3.44 psf |
| Q3 2026 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,050 | S$4.76 psf |
| Q3 2026 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,050 | S$4.76 psf |
| Q3 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,800 | S$6.91 psf |
| Q3 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,800 | S$6.91 psf |
| Q3 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q3 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q2 2026 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$6,500 | S$3.94 psf |
| Q2 2026 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$6,500 | S$3.94 psf |
| Q2 2026 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$6,300 | S$3.82 psf |
| Q2 2026 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$6,300 | S$3.82 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,650 | S$4.43 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,250 | S$4.05 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,250 | S$4.05 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,200 | S$4.00 psf |
| Q2 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,200 | S$4.00 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q2 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q1 2026 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$5,500 | S$3.33 psf |
| Q1 2026 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$5,500 | S$3.33 psf |
| Q1 2026 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,900 | S$5.76 psf |
| Q1 2026 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,900 | S$5.76 psf |
| Q1 2026 | Strata · 1200-1300 sqft · 2 bed · Non-landed Properties | S$4,800 | S$3.84 psf |
| Q1 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,600 | S$4.38 psf |
| Q1 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,600 | S$4.38 psf |
| Q1 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,500 | S$4.29 psf |
| Q1 2026 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,500 | S$4.29 psf |
| Q1 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q1 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q1 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q1 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q1 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q1 2026 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q4 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,900 | S$4.67 psf |
| Q4 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,300 | S$5.06 psf |
| Q4 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,000 | S$4.71 psf |
| Q4 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,000 | S$4.71 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q4 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2025 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$7,200 | S$4.36 psf |
| Q3 2025 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$7,200 | S$4.36 psf |
| Q3 2025 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$7,000 | S$4.24 psf |
| Q3 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$5,000 | S$4.76 psf |
| Q3 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$5,000 | S$4.76 psf |
| Q3 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q3 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,200 | S$4.94 psf |
| Q3 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,200 | S$4.94 psf |
| Q3 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,000 | S$4.71 psf |
| Q3 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,000 | S$4.71 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,800 | S$6.91 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q3 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,000 | S$5.45 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,900 | S$4.67 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q2 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,300 | S$5.06 psf |
| Q2 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,300 | S$5.06 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,250 | S$4.05 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,250 | S$4.05 psf |
| Q2 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,200 | S$4.00 psf |
| Q2 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,100 | S$4.82 psf |
| Q2 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,000 | S$4.71 psf |
| Q2 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,600 | S$6.55 psf |
| Q2 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q2 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q2 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q1 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,900 | S$4.67 psf |
| Q1 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,800 | S$5.65 psf |
| Q1 2025 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,500 | S$5.29 psf |
| Q1 2025 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,200 | S$4.00 psf |
| Q1 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q1 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,250 | S$5.91 psf |
| Q1 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,200 | S$5.82 psf |
| Q1 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q1 2025 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q4 2024 | Strata · 1600-1700 sqft · 3 bed · Non-landed Properties | S$6,400 | S$3.88 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,800 | S$4.57 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,600 | S$4.38 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,500 | S$4.29 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,500 | S$4.29 psf |
| Q4 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,500 | S$4.29 psf |
| Q4 2024 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,300 | S$5.06 psf |
| Q4 2024 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,300 | S$5.06 psf |
| Q4 2024 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,300 | S$5.06 psf |
| Q4 2024 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,500 | S$6.36 psf |
| Q3 2024 | Strata · 1200-1300 sqft · 2 bed · Non-landed Properties | S$5,700 | S$4.56 psf |
| Q3 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$5,000 | S$4.76 psf |
| Q3 2024 | Strata · 800-900 sqft · 2 bed · Non-landed Properties | S$4,800 | S$5.65 psf |
| Q3 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,700 | S$4.48 psf |
| Q3 2024 | Strata · 1000-1100 sqft · 2 bed · Non-landed Properties | S$4,400 | S$4.19 psf |
| Q3 2024 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,400 | S$6.18 psf |
| Q3 2024 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,300 | S$6.00 psf |
| Q3 2024 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
| Q3 2024 | Strata · 500-600 sqft · 1 bed · Non-landed Properties | S$3,100 | S$5.64 psf |
Rents as approved by HDB, or as filed with URA for private homes, where the floor area is given as a band.
Indicative estimate from comparable caveats. Not a formal valuation.