4 Room (4A) HDB for Sale in 640 Pasir Ris Drive 1

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $586,799, translating to a price per square foot (PSF) of $524. This valuation indicates a market signal that is significantly above the baseline, with a striking 15.9% premium compared to similar properties in the vicinity. This elevated valuation suggests a robust demand for HDB units in this area, driven potentially by the strategic location and amenities offered within Pasir Ris.

It is important to note that the model confidence for this valuation is categorized as medium, which implies that while the data derived from 8 recent HDB resale transactions in the area provides a strong basis for this estimate, there remains a degree of variability inherent in market dynamics. The remaining lease period of 66 years may also play a crucial role in influencing buyer preferences and investment sentiment, as properties with longer leases typically enjoy a stronger market appeal. As such, prospective buyers should consider both the lease tenure and prevailing market conditions when evaluating this offering.