4-Room HDB for Room Rent: 602 Elias Road

The valuation of the HDB 4-room unit in Pasir Ris reflects a nuanced understanding of the current market dynamics, with an estimated value of $32,219, translating to a price per square foot of $537. With a remaining lease of 68 years, this property is well-positioned in a locality that has demonstrated resilience in the face of fluctuating market conditions. The 0% difference from the baseline indicates a stable market price, suggesting that demand for HDB units in this neighborhood remains consistent, aligning with broader trends observed across Singapore.

Our analysis is reinforced by the robust dataset derived from 265 recent HDB resale transactions in the vicinity, indicating a high model confidence in this valuation. The consistent market price signals a balanced supply-demand scenario, where potential buyers exhibit a strong interest in properties with longer leases. As the Singapore real estate landscape continues to evolve, properties like this HDB unit in Pasir Ris exemplify the premium value that can be derived from well-located units with significant remaining leases, catering to both owner-occupiers and investors alike.