5 Room (5I) HDB for Sale in 118 Pasir Ris Street 11

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 61 years, is estimated at $572,969, translating to $436 PSF. This assessment signals a pricing position that is notably above the market baseline by 13.4%, indicating a potential premium for this property type in the current market landscape. Such a valuation suggests that buyers are willing to pay a higher price, likely influenced by the desirability of the Pasir Ris area, which is characterized by its proximity to amenities and recreational spaces.

However, it is essential to note that the model confidence in this valuation remains low, primarily due to the reliance on only one recent HDB resale transaction in the vicinity. This limited data set may not fully capture the broader market dynamics or the unique characteristics of this specific property. As such, while the premium price point may attract certain buyers, a more comprehensive analysis would be necessary to ascertain the sustainability of this valuation in the long term, especially considering the remaining lease period and the potential impact on future resale opportunities.