5 Room (5I) HDB for Sale in 114 Pasir Ris Street 11

The valuation of the HDB 5-room property in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $622,217, translating to a price per square foot of $474. This valuation is notably above the market baseline, reflecting a 10.6% premium. Such a deviation indicates strong demand dynamics in the Pasir Ris region, which is supported by an extensive analysis of 392 recent HDB resale transactions. The high model confidence further reinforces the reliability of this valuation, positioning it as a compelling opportunity for prospective buyers and investors alike.

The longevity of the remaining lease is a critical factor influencing this valuation. As HDB properties near the end of their lease period often see depreciation in value, a 61-year lease offers a substantial buffer for both current homeowners and future buyers, ensuring a stable investment horizon. The premium pricing suggests that buyers are willing to pay more for properties in this area, likely due to its strategic location, community amenities, and ongoing developments within the vicinity. In conclusion, the Pasir Ris HDB market reflects robust growth potential, making this property an advantageous consideration in today's competitive landscape.