4 Room (4A) HDB for Sale in 253 Pasir Ris Street 21

The valuation of the HDB 4 Room property in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $588,518, translating to a price per square foot (PSF) of $511. This valuation is positioned 7% above the market baseline, indicating a robust demand for HDB units in this locale. Such a premium suggests that buyers are willing to invest more for the unique attributes and advantages associated with living in Pasir Ris, an area known for its family-friendly environment, proximity to nature parks, and a well-established community infrastructure.

The model confidence for this valuation is categorized as high, derived from a comprehensive analysis of 302 recent HDB resale transactions in the vicinity. This substantial dataset underpins the valuation, reflecting not only the prevailing market conditions but also the desirability of the Pasir Ris area. The remaining lease of 66 years offers a substantial tenure for prospective buyers, which is a pivotal factor in their investment decision-making process. As the market dynamics continue to evolve, it is essential for stakeholders to remain cognizant of these trends, ensuring informed decisions in this competitive landscape.