3 Room (3I) HDB for Sale in 1 Changi Village Road

The valuation of the HDB 3-room unit in Pasir Ris, with a remaining lease of 48 years, stands at an estimated value of $353,763, translating to a price per square foot (PSF) of $498. This valuation reflects a notable market signal, with only a 0.3% deviation from the established baseline price, indicating a stable pricing trend in the area. Such minor fluctuations suggest a resilient demand for HDB properties, particularly in well-established residential towns like Pasir Ris, which continue to attract buyers despite the aging leasehold nature of the property.

Our analysis is founded on a robust dataset derived from 41 recent HDB resale transactions within the vicinity, which enhances the reliability of this valuation. The model confidence is rated as high, suggesting that external economic factors and local market dynamics are currently aligning favorably to support property values. As lease periods diminish, potential buyers are increasingly discerning about the remaining lease term and its impact on long-term investment viability. This valuation underscores the importance of understanding leasehold dynamics in the context of the broader Singapore real estate market, particularly for HDB properties that often play a pivotal role in the housing landscape.