5 Room (5I) HDB for Sale in 766 Pasir Ris Street 71

The HDB 5 Room property located in Pasir Ris, with a remaining lease of 67 years, exhibits a valuation of approximately $689,292, translating to a price per square foot (PSF) of $512. This valuation places the property above the prevailing market baseline by 5.6%, indicating a premium positioning within the local real estate landscape. Such a valuation suggests a robust demand for HDB properties in the Pasir Ris area, particularly considering the limited supply and the desirable amenities that the locality offers.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a singular recent HDB resale transaction in the vicinity. This limited data set may not fully encapsulate the broader market dynamics or capture the fluctuations in buyer sentiment that can significantly influence property values. As the remaining lease is a critical factor in the valuation of HDBs, potential buyers should carefully consider how the diminishing lease term may impact future resale opportunities and overall investment potential.