4-Room HDB for Room Rent: 112 Pasir Ris Street 11

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $48,102, translating to a price per square foot (PSF) of $481. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand in the area. Such stability in pricing can often be attributed to the overall desirability of Pasir Ris as a residential enclave, characterized by its strategic location, accessibility to amenities, and community features.

However, it is essential to note that the model confidence for this valuation is categorized as low, suggesting that the data may reflect volatility or a limited number of comparable transactions. The valuation is based on four recent HDB resale transactions in the vicinity, highlighting the importance of local market dynamics and trends. As the remaining lease diminishes, potential buyers may exhibit increased caution, weighing the implications of lease tenure on future resale value. Thus, while the current valuation aligns with market expectations, stakeholders should remain vigilant and consider the long-term impacts of lease duration on property investment in this segment.