5 Room (5I) HDB for Sale in 114 Pasir Ris Street 11

In the current valuation of the HDB 5-room property located in Pasir Ris, the estimated value stands at $770,998, translating to a price per square foot (PSF) of $587. This valuation reflects a market price that is 3.4% above the baseline average for comparable properties in the area, indicating a slight upward pressure on pricing. However, it is crucial to note that the model confidence for this estimation is categorized as low, primarily due to the limited data set, with only one recent resale transaction in the vicinity serving as the basis for this analysis.

The remaining lease of 75 years significantly influences the property’s value, as HDB properties with longer leases generally attract more demand from potential buyers. In the context of Pasir Ris, a district known for its family-friendly environment and proximity to recreational amenities, the appeal of this property could be further enhanced. Nonetheless, the low confidence level suggests caution, as market fluctuations and evolving buyer preferences could impact future valuations. Therefore, stakeholders are advised to monitor market trends closely and consider the broader economic indicators that may affect the HDB sector in the coming months.