5-Room HDB for Room Rent: 113 Pasir Ris Street 11

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 62 years, presents a unique case in the current real estate landscape of Singapore. Priced at an estimated value of $86,013, translating to $478 per square foot, the property reflects the ongoing dynamics of the HDB market, particularly within this suburban locale. The valuation is consistent with recent market signals, indicating a 0% difference from the baseline, which suggests stability in pricing amidst fluctuating market conditions.

It is noteworthy that the model confidence for this valuation is categorized as low, attributed to the limited data set derived from only four recent HDB resale transactions in the vicinity. This highlights the potential volatility and uncertainty in the market, especially considering the relatively shorter lease period remaining on this property. Investors and homeowners alike should exercise caution, as the lease duration plays a significant role in long-term value appreciation and market competitiveness.