5 Room (5I) HDB for Sale in 614 Elias Road

In the current landscape of HDB properties in Singapore, the valuation of the 5-room unit in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $717,724 or $517 PSF. This valuation reflects an above-market position, indicating a significant premium of 16.8% over the baseline. Such a discrepancy suggests that this property is perceived to hold additional intrinsic value, likely due to favorable location dynamics, amenities, and community appeal unique to the Pasir Ris area.

However, it is essential to note that the model confidence for this valuation is categorized as low, which implies a degree of uncertainty in the predictive accuracy of the assessed value. This is derived from a limited dataset, with only three recent HDB resale transactions in proximity serving as the foundation for this analysis. Potential buyers and investors should consider the implications of the remaining lease, as properties with shorter leases may face diminishing interest and value over time. Consequently, it is advisable to conduct a thorough due diligence process when evaluating investment opportunities in this segment of the market.