Studio HDB for Rent in 473 Pasir Ris Drive 6

In the vibrant district of Pasir Ris, the valuation of this 2-room HDB unit, with a remaining lease of 75 years, stands at an estimated value of $396,359, translating to a price per square foot (PSF) of $881. This valuation reflects a stable market signal, as it aligns with the baseline price, indicating that the current demand for HDB properties in this area is resilient amidst fluctuating market conditions. The valuation is underpinned by an analysis of 16 recent resale transactions in the vicinity, which provides a robust data set for comparison.

With a medium confidence level in the model employed for this valuation, it is essential to consider the implications of the remaining lease period on the property’s appeal and investment potential. The market for HDBs in Singapore is significantly influenced by lease duration, with properties retaining a longer lease often commanding higher prices and more robust demand. As Pasir Ris continues to develop and enhance its local amenities, the combination of a well-positioned property and a healthy remaining lease bodes well for future value appreciation, presenting an attractive opportunity for potential buyers or investors.