3 Bed Walk-up Apartment (Condo) for Rent in Watercrest

The valuation of the HDB 4 Room property in Pasir Ris, with a remaining lease of 72 years, indicates a robust market position, evidenced by its estimated value of $484,305, translating to $562 PSF. This valuation reflects a precise correlation with the baseline market price, showcasing a 0% difference, which signifies stability and equilibrium in the local real estate landscape. Such an alignment suggests that the property is fairly priced, especially given the dynamics of the surrounding market.

Our analysis is supported by a comprehensive review of 87 recent HDB resale transactions in the vicinity, providing a solid foundation for the high confidence rating of this valuation. The consistency in pricing within this sector indicates sustained demand for HDB units in Pasir Ris, despite the remaining lease being at 72 years. This is particularly noteworthy as properties with shorter leases often face valuation challenges; however, the resilience observed here underscores the desirability of the location and the quality of life it offers. As the market continues to evolve, this property stands as a prime example of value retention in Singapore’s dynamic HDB sector.