4-Room HDB for Room Rent: 428 Pasir Ris Drive 6

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $73,804, translating to a price per square foot (PSF) of $492. This valuation reflects a stable market signal, as it aligns precisely with the baseline market price, indicating a 0% deviation. Such alignment suggests a well-balanced demand and supply scenario within the local real estate market, providing reassurance to potential buyers regarding the property’s competitive pricing.

Our analysis is reinforced by a robust model confidence rating of high, derived from a comprehensive review of 183 recent HDB resale transactions in the vicinity. This significant dataset not only enhances the reliability of our valuation but also indicates a strong market interest in the Pasir Ris area. The remaining lease of 62 years is a critical factor, as it balances the property’s longevity with the current market dynamics, ensuring that it retains substantial value as the lease diminishes. Overall, this valuation serves as a compelling opportunity for investors and homeowners alike, reflecting the vibrant and resilient nature of the Singaporean HDB market.