5 Room (5I) HDB for Rent in 189 Pasir Ris Street 12

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $691,016, translating to $494 per square foot. This valuation reflects a market price that is in alignment with the baseline, indicating a neutral market signal with no significant fluctuations observed in recent transactions. The stability in pricing could suggest a consistent demand for HDB properties in the Pasir Ris area, although the low model confidence underscores potential volatility and the necessity for cautious investment considerations.

With only one recent HDB resale transaction providing the basis for this valuation, it is crucial to interpret the data with a discerning eye. The limited transaction volume can indicate a micro-market condition that may not fully capture the broader market dynamics. Investors and homeowners alike should remain cognizant of the implications of the remaining lease period, as a 66-year lease, while still substantial, may influence future resale potential and financing options. As such, stakeholders are advised to consider both immediate market conditions and long-term lease impacts when evaluating this property.