4 Room (4A) HDB for Sale in 476 Pasir Ris Drive 6

The valuation of the HDB 4 Room property in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $504,425, translating to a price per square foot (PSF) of $455. This valuation is notably positioned 25.9% above the market baseline, suggesting a robust demand for HDB resale units in this area despite the relatively shorter lease period. Such an elevated value indicates that buyers are willing to pay a premium, possibly driven by the unique attributes of the Pasir Ris locale, including accessibility to amenities, recreational facilities, and proximity to nature.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily based on only two recent HDB resale transactions in the vicinity. This limited data set may not fully capture the current market dynamics, which can fluctuate based on various factors including buyer sentiment, economic conditions, and future development plans in the area. As the remaining lease diminishes, it will be essential for potential buyers and investors to consider the implications of leasehold tenure on property value appreciation and long-term investment viability.