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

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 61 years and an estimated value of $607,989 (equating to $463 per square foot), presents an intriguing case study within the current Singaporean real estate landscape. This valuation is notably positioned at a premium, indicating a 29.9% difference from the baseline market value. Such a significant divergence suggests that the property has garnered heightened interest, possibly due to factors such as its location, amenities, and the overall desirability of the Pasir Ris area.

However, it is essential to note that the model confidence in this valuation is categorized as low, which implies a degree of uncertainty in the accuracy of this estimate. This lack of confidence may stem from the limited data set, with only three recent HDB resale transactions in the vicinity to inform the analysis. As the remaining lease of 61 years continues to diminish, market dynamics may further influence the property’s appeal and value. Investors and potential homeowners should thus approach this valuation with caution, considering the broader economic conditions and local market trends that could impact future resale opportunities.