Common Room (HDB) for Rent in 148 Pasir Ris Street 13

The valuation of the 2-room HDB unit in Pasir Ris, with a remaining lease of 75 years, has been assessed at an estimated value of $104,037, translating to a price per square foot (PSF) of $867. This valuation reflects a stable market condition, as indicated by a market price that shows a 0% difference from the baseline. Such stability suggests that the property is well-positioned within its local market, benefiting from sustained demand and a balanced supply in the surrounding area.

Analyzing the broader market dynamics, this valuation is supported by recent data derived from 18 HDB resale transactions in the vicinity. The medium model confidence level denotes a reliable estimation despite the inherent variability in real estate markets. The remaining lease period of 75 years adds a layer of appeal for potential buyers, as it ensures a substantial duration of ownership that aligns well with long-term investment strategies. As the Pasir Ris area continues to evolve, this property stands as a viable option for both owner-occupiers and investors looking to capitalize on the local market's resilience.