Common Room (HDB) for Rent in 483 Pasir Ris Drive 4

The valuation of the 2-room HDB unit in Pasir Ris, with a remaining lease of 75 years, stands at an estimated value of $129,638, translating to a price per square foot (PSF) of $864. This valuation reflects a significant alignment with current market conditions, as it shows a 0% difference from the baseline market price. Such stability in pricing suggests a balanced demand and supply scenario in the Pasir Ris area, supported by a robust community infrastructure and accessibility to essential amenities.

With model confidence assessed as medium, this valuation is grounded in an analysis of 17 recent HDB resale transactions within the vicinity. The data indicates that buyers are increasingly recognizing the long-term value of properties with substantial remaining leases, especially in a competitive market. Given the ongoing urban development initiatives in Pasir Ris, coupled with the area's appeal for families and young professionals, the valuation underscores the potential for future appreciation, making this property a compelling consideration for both investors and homeowners alike.