5 Room (5I) HDB for Sale in 274 Pasir Ris Street 21

This valuation report presents a detailed analysis of a 5-room HDB unit located in the desirable district of Pasir Ris, boasting a remaining lease of 66 years. The estimated value of this property stands at $630,401, which translates to a price per square foot (PSF) of $469. Notably, this valuation is positioned above the market average, reflecting a 10.7% premium over the baseline. Such a significant deviation suggests that the property may be situated in a particularly attractive location or possesses unique features that enhance its market appeal.

However, it is crucial to note that the model confidence for this valuation is rated as low, indicating potential volatility and uncertainty in the market dynamics surrounding this property. The assessment is based on three recent HDB resale transactions in the vicinity, which may not sufficiently represent the broader market trends. As the HDB landscape evolves, factors such as the remaining lease duration, local amenities, and demographic shifts will play pivotal roles in shaping future valuations and desirability. Investors and potential buyers should remain vigilant and consider these elements when navigating the Pasir Ris real estate market.