HDB Executive for Room Rent: 217 Pasir Ris Street 21

The valuation of the HDB Executive apartment in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $79,156, representing a price per square foot (PSF) of $528. This valuation is notably aligned with the current market price, showcasing a 0% difference from the baseline, which indicates a stable pricing environment in this segment of the HDB market. The high model confidence rating suggests that the valuation is robust, bolstered by the analysis of 334 recent HDB resale transactions in the vicinity, providing a comprehensive understanding of market trends and dynamics.

As the remaining lease of this property extends to 65 years, it is crucial to recognize how lease duration impacts both buyer sentiment and future resale potential. In the current market context, properties with a longer lease tend to attract a more diverse pool of potential buyers, leading to greater competition and stability in pricing. The Pasir Ris area, characterized by its accessibility and amenities, further enhances the attractiveness of this HDB Executive unit, making it a viable option for both owner-occupiers and investors alike. As such, this valuation not only reflects the property's current market standing but also its potential for value retention in the years to come.