5 Room (5A) HDB for Sale in 184 Pasir Ris Street 11

In analyzing the valuation of the HDB 5-room unit in Pasir Ris, which holds a remaining lease of 66 years, we observe an estimated value of $762,649, translating to $517 PSF. This valuation reflects a market signal exhibiting a 1.7% difference from the baseline price, indicating a stable yet slightly competitive market environment. The proximity of the property to recent HDB resale transactions provides a foundational context for this valuation, although it is essential to note that the model confidence is assessed as low, suggesting variability in the market trends and potential fluctuations in buyer sentiment.

The remaining lease period of 66 years is a critical factor influencing the property’s value, as leasehold properties typically experience depreciation over time, particularly beyond the 60-year threshold. With the current market dynamics, buyers are increasingly discerning, often favoring properties with longer remaining leases. This trend may contribute to the marginally lower valuation, as prospective homeowners consider both the investment potential and the associated risks of lease expiry. Therefore, while the current valuation is competitive, future pricing will likely hinge on broader economic conditions, policy changes, and shifts in demand for HDB units in the Pasir Ris area.