5 Room (5I) HDB for Rent in 483 Pasir Ris Drive 4

The valuation of the HDB 5 room unit in Pasir Ris reflects an estimated value of $701,608, translating to a price per square foot (PSF) of $539. This assessment is based on the remaining lease of 75 years, a critical factor in the valuation of HDB properties in Singapore, where lease duration significantly influences buyer sentiment and investment potential. In the context of the current market, this property shows a market price that is 0% different from the baseline, indicating that it is competitively priced against similar units in the vicinity.

However, it is important to note that the model confidence for this valuation is categorized as low, stemming from the limited data set of only two recent HDB resale transactions in the area. Such a narrow scope may not fully capture the dynamics and nuances of the Pasir Ris property market, which can fluctuate based on various external factors such as government policies, zoning changes, and broader economic conditions. Potential buyers should consider these variables alongside the property’s remaining lease and current market signals when making informed investment decisions.