5 Room (5I) HDB for Sale in 126 Pasir Ris Street 11

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $670,677, translating to a price per square foot of $472. This valuation reflects a 4.4% difference from the baseline market price, indicating a competitive position within the current market landscape. The model confidence for this valuation is categorized as high, supported by a robust analysis of 60 recent HDB resale transactions in the vicinity, which provides a comprehensive understanding of local market dynamics.

The Pasir Ris region, known for its residential appeal and proximity to amenities, continues to exhibit strong demand in the HDB market. The remaining lease of 61 years is an important factor, as it positions this property favorably for potential buyers who are increasingly discerning about lease durations. As the market evolves, understanding the interplay between remaining lease terms and overall property value becomes crucial, particularly in a competitive landscape where young families and first-time buyers are actively seeking spacious and well-located homes. The positive market signal indicates resilience and buyer interest, reinforcing the attractiveness of this HDB unit in the current economic climate.