5 Room (5I) HDB for Sale in 630 Pasir Ris Drive 3

In the current real estate landscape of Singapore, the valuation of the 5-room HDB unit in Pasir Ris, with an estimated value of $685,711 ($531 PSF), presents a compelling case for both potential buyers and investors. This property, boasting a remaining lease of 66 years, is positioned above the market average by 24%, indicating a robust demand or unique appeal associated with the unit or its location. The valuation is derived from an analysis of four recent HDB resale transactions in the vicinity, although it's important to note that the model confidence is categorized as low, suggesting variability in the data and market conditions.

The elevated valuation reflects several critical market dynamics, including the desirability of Pasir Ris as a residential area, which continues to attract families and young professionals alike. The extended lease period remaining on this property further enhances its appeal, providing prospective buyers with reassurance regarding long-term occupancy and investment potential. However, the low model confidence indicates that fluctuations in buyer sentiment or economic conditions could influence future valuations. As such, stakeholders should remain vigilant and consider both macroeconomic indicators and local market trends when evaluating this HDB unit.