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

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $697,798, translating to a price per square foot (PSF) of $510. This pricing reflects a nuanced understanding of the current market dynamics, particularly given the 3.9% difference from the baseline market price. Such a deviation indicates a healthy demand for HDB properties in this locale, suggesting that buyers are willing to invest at a premium for the desirable attributes associated with living in Pasir Ris, a region known for its family-friendly environment and accessibility to amenities.

The model confidence for this valuation is categorized as high, supported by a robust dataset comprising 398 recent HDB resale transactions in the vicinity. This substantial volume of transactions provides a solid foundation for comparative analysis and reinforces the reliability of the estimated value. As the market continues to evolve, the remaining lease of 67 years offers potential buyers a reasonable timeframe for ownership, which is a critical factor in their purchasing decision. The stability of this valuation amidst fluctuating market conditions underscores the resilience of HDB properties in Pasir Ris, making it an attractive consideration for both homebuyers and investors alike.