4 Room (4A) HDB for Sale in 230 Pasir Ris Street 21

The valuation of the HDB 4 ROOM unit in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $565,947, translating to a price per square foot of $505. This valuation is positioned significantly above the market baseline, reflecting a notable 14.9% difference, indicating a strong demand in the local property landscape. The model confidence for this estimate is categorized as high, bolstered by a robust analysis of 324 recent HDB resale transactions in the vicinity, which provides a solid statistical foundation for the assessment.

This premium valuation can be attributed to several key factors influencing the Pasir Ris real estate market. The extended lease period of 65 years enhances the property’s appeal, particularly among families and investors seeking long-term stability. Additionally, Pasir Ris has demonstrated resilience in property values, driven by its strategic location, burgeoning amenities, and proximity to recreational areas, which collectively contribute to its desirability. As urban development continues in the region, this HDB unit stands as a compelling investment opportunity, reflecting the dynamic interplay of supply and demand in Singapore’s evolving housing market.