4-Room HDB for Room Rent: 113 Pasir Ris Street 11

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 62 years, reflects a calculated estimated value of $60,565, equivalent to $505 per square foot. This valuation is anchored in a robust analytical framework, drawing insights from a comprehensive analysis of 160 recent HDB resale transactions in the vicinity. Given the current market conditions, the property exhibits a market price that aligns closely with the baseline, indicating a 0% difference. This stability suggests a balanced demand and supply dynamic within the Pasir Ris area, which remains a sought-after locale for HDB dwellers.

As the remaining lease of this unit stands at 62 years, it positions the property attractively for both first-time buyers and investors. The high model confidence associated with this valuation underscores the reliability of the data and trends observed in the local market. In a landscape where lease tenure significantly influences property value, the relatively long remaining lease of this HDB unit enhances its appeal, catering to buyers looking for longevity in their investment. This valuation not only highlights the intrinsic value of the property but also serves as a benchmark for potential buyers navigating the competitive HDB market in Singapore.