5 Room (5I) HDB for Sale in 102 Pasir Ris Street 12

The recent valuation of the 5-room HDB unit in Pasir Ris, set at an estimated value of $609,608, represents a notable indicator of current market dynamics. With a remaining lease of 61 years, this property is positioned within a competitive segment of the HDB market, characterized by a robust demand driven by family-oriented buyers seeking spacious living arrangements. The valuation translates to a price per square foot (PSF) of $464, which is significantly above the baseline, illustrating a 29.6% premium over comparable transactions in the area.

This above-market valuation is supported by a comprehensive analysis of 390 recent HDB resale transactions in the vicinity, reflecting a high model confidence in the valuation accuracy. The elevated price point can be attributed to several factors, including the strategic location of Pasir Ris, which boasts proximity to amenities, public transportation, and recreational facilities. Furthermore, the remaining lease period offers potential buyers a substantial window for investment, enhancing the property's appeal despite the diminishing leasehold period typical of older HDB units. As market conditions continue to evolve, this valuation underscores the persistent demand for quality HDB properties in sought-after locations.