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

In the current valuation analysis for the HDB 4-room unit located in Pasir Ris, an estimated value of $487,607 has been established, translating to a price per square foot (PSF) of $435. This valuation positions the property notably above the market baseline, showcasing a significant 33.3% premium over comparable units in the area. This elevated pricing suggests a robust demand for HDB units in Pasir Ris, driven by factors such as the neighborhood's amenities, connectivity, and overall appeal to both families and investors alike.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a single recent resale transaction within the vicinity. The remaining lease of 65 years also plays a pivotal role in influencing buyer sentiment and investment viability, as properties with shorter leases often face greater scrutiny in terms of value retention and appreciation potential. As market dynamics continue to evolve, stakeholders should remain vigilant of the broader trends affecting the HDB landscape, particularly as they relate to lease tenure implications and localized demand fluctuations.