5-Room HDB for Room Rent: 742 Pasir Ris Street 71

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 68 years, stands at an estimated value of $695,573, translating to a price per square foot (PSF) of $508. This valuation reflects a neutral market signal, indicating a 0% difference from the baseline, suggesting that the property is currently priced in line with prevailing market trends. The stability of this valuation is further corroborated by recent resale transactions within the vicinity, although the model confidence remains low due to the limited dataset of just two comparable transactions.

In the context of Singapore's dynamic real estate landscape, the remaining lease period of 68 years plays a pivotal role in influencing buyer sentiment and demand. Properties with a longer lease tend to attract more interest, particularly among families seeking long-term accommodation in established neighborhoods. However, the low confidence in this valuation underscores potential volatility in the market, which could be influenced by broader economic factors or shifts in buyer preferences. Investors and homeowners alike should remain vigilant and consider these dynamics when navigating the HDB market in Pasir Ris.