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

The HDB 5-room unit located in Pasir Ris, with a remaining lease of 61 years, is currently valued at an estimated $610,016, translating to a price per square foot (PSF) of $465. This valuation signals a notable market positioning, as it is approximately 19.3% above the baseline value, indicative of strong demand dynamics in the area. Such a premium suggests that buyers are willing to pay a higher price for this property, which could be attributed to several factors including the unit's desirable location, amenities, and the overall market sentiment towards HDB properties in Pasir Ris.

With a model confidence rating of high, this valuation draws upon a robust dataset comprising 392 recent HDB resale transactions in the vicinity. The significant premium indicates that the market for HDBs in Pasir Ris is buoyant, reflecting a potential scarcity of available supply coupled with sustained buyer interest. As the remaining lease of 61 years approaches the halfway mark, it is crucial for prospective buyers to consider the implications of lease decay. However, the current market enthusiasm and premium valuation suggest that this unit remains a strong contender for both investor interest and owner-occupier appeal.