5 Room (5A) HDB for Sale in 614 Elias Road

The valuation of the 5-room HDB property in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $750,563, translating to a remarkable $521 per square foot (PSF). This valuation positions the property significantly above the market baseline, reflecting a notable 22.6% premium compared to similar units in the vicinity. Such a substantial deviation indicates strong demand and highlights the appeal of the Pasir Ris area, a factor that can be attributed to its strategic location and ongoing urban developments.

With a high model confidence rating, this valuation is supported by data derived from 392 recent HDB resale transactions in the surrounding area. The sustained interest in Pasir Ris, coupled with the limited supply of 5-room HDBs, has created a competitive landscape that enhances the value of properties like this one. The remaining lease of 67 years is still attractive to buyers, making it a viable option for families looking to invest in a long-term residence. Overall, the current market dynamics suggest a robust outlook for the HDB sector in Pasir Ris, underscoring the strategic importance of lease longevity and location in driving property values.