4 Room (4A) HDB for Sale in 484 Pasir Ris Drive 4

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 64 years, has been assessed at an estimated value of $537,191, translating to a price per square foot (PSF) of $475. This valuation indicates a significant premium in the current market, reflecting an above-market signal with a notable 14.5% difference from the established baseline. Such a valuation suggests that buyers may be willing to pay a premium for properties in this area, likely driven by factors such as location desirability, amenities, and overall market sentiment.

However, it is important to note that the model confidence for this valuation is categorized as low, which may imply variability in the data or market conditions. The analysis is based on three recent HDB resale transactions within the vicinity, which may not fully encapsulate the broader market dynamics at play. As leasehold properties age, the remaining lease period becomes a critical factor influencing buyer sentiment and pricing. In this case, the remaining lease of 64 years may present both opportunities and challenges, as potential buyers weigh the implications of lease expiry on future resale value.