4 Room (4A) HDB for Sale in 487 Pasir Ris Drive 4

The HDB 4 Room property located in Pasir Ris, with a remaining lease of 64 years, has been valued at an estimated $525,500, translating to a price per square foot (PSF) of $470. This valuation reflects a noteworthy market signal, indicating that the property is priced above market expectations by 15.1% compared to the baseline. Such a premium suggests an elevated demand for HDB units in this locality, potentially driven by the area’s amenities, accessibility, and ongoing urban development efforts.

However, the model confidence for this valuation remains low, primarily due to the limited data derived from only two recent HDB resale transactions in the vicinity. This scarcity of comparable transactions underscores the need for caution in interpreting the valuation, as market dynamics can fluctuate significantly in response to broader economic trends and localised developments. As such, prospective buyers and investors should consider both the advantages of the property’s strategic location within Pasir Ris, as well as the implications of the remaining lease period, in their decision-making process.