Common Room (HDB) for Rent in 768 Pasir Ris Street 71

The valuation of the HDB 4 Room unit located in Pasir Ris, with a remaining lease of 67 years, has been meticulously assessed at an estimated value of $311,564, translating to a price per square foot (PSF) of $519. This valuation reflects the current market dynamics and signals a steady equilibrium, as evidenced by the market price showing a 0% difference from the established baseline. The high model confidence rating indicates robust analytical accuracy, underpinned by comprehensive data derived from 429 recent HDB resale transactions within the vicinity.

In the context of Singapore's real estate landscape, the remaining lease of 67 years is a significant factor influencing the valuation. As properties approach a lower lease tenure, potential buyers may become more cautious, often impacting demand and pricing. However, the Pasir Ris area remains a desirable residential locale, which likely contributes to the stable valuation. The lack of deviation from the baseline price emphasizes a balanced market, where supply and demand are in sync, reflecting the resilience of HDB properties in this region amidst broader economic fluctuations.