4-Room HDB for Room Rent: 602 Elias Road

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 68 years, positions it within a competitive market landscape. At an estimated value of $32,219, translating to a price per square foot (PSF) of $537, this property reflects a stable market signal, showing no deviation from the baseline price. Such stability indicates a balanced demand and supply scenario in the vicinity, reinforcing the unit's desirability among potential buyers and investors alike.

With a high model confidence rating derived from an analysis of 265 recent HDB resale transactions in the area, this valuation underscores the resilience of the Pasir Ris HDB market. The remaining lease of 68 years is particularly noteworthy, as it suggests ample time for future homeowners to enjoy the benefits of the property while mitigating concerns around lease decay. This combination of factors positions the property as a sound investment in a well-established neighborhood, making it an attractive option in Singapore's dynamic real estate landscape.