4-Room HDB for Room Rent: 602 Elias Road

The valuation of the 4-room HDB unit located in Pasir Ris, with a remaining lease of 68 years, stands at an estimated value of $32,219, translating to a price per square foot of $537. This valuation reflects the current market conditions, as it is in alignment with the established baseline, indicating a market price difference of 0%. Such stability in pricing suggests a balanced demand and supply scenario within the Pasir Ris area, where this property type remains highly sought after.

The model confidence for this valuation is rated as high, bolstered by an analysis of 265 recent HDB resale transactions in the vicinity. This robust dataset not only enhances the reliability of the valuation but also highlights the ongoing desirability of HDB properties in Pasir Ris. As the remaining lease period is a critical factor influencing buyer sentiment and long-term investment potential, properties with 68 years left tend to attract a diverse range of buyers, from first-time homeowners to investors looking for stable, long-term appreciation in a well-connected region. The current market dynamics suggest that this HDB unit is appropriately priced, making it an attractive option for potential buyers in the market.