5 Room (5I) HDB for Sale in 638 Pasir Ris Drive 1

The subject property, a 5-room HDB unit located in Pasir Ris, is currently valued at an estimated $670,018, translating to a price per square foot (PSF) of $510. With a remaining lease of 67 years, this valuation places the property in a competitive position within the local market. Notably, the estimated value reflects an 8.2% premium above the baseline market rate, indicating a strong demand in the vicinity and a favorable sentiment among buyers for HDB properties in this area.

The high model confidence, derived from an analysis of 392 recent HDB resale transactions within the Pasir Ris region, supports the robustness of this valuation. The dynamics of the local real estate market suggest that properties with a longer remaining lease tend to attract higher premiums, particularly in well-planned estates like Pasir Ris, which is known for its strategic location and family-friendly amenities. As the market continues to evolve, this HDB unit not only represents a sound investment but also reflects the underlying strength of the Pasir Ris real estate landscape.