3 Room (3I) HDB for Sale in 1 Changi Village Road

The valuation of the HDB 3 Room unit in Pasir Ris, with a remaining lease of 48 years, stands at an estimated value of $352,251, translating to a price per square foot (PSF) of $496. This valuation reflects a nuanced understanding of the current market dynamics, particularly in a region that has shown resilience amid various economic fluctuations. The property demonstrates a market price that is just 0.8% below the baseline, indicating a stable demand for HDB units within this locality.

With a model confidence rating deemed high, this assessment is underpinned by an analysis of 39 recent HDB resale transactions in the vicinity, which provides a robust dataset for comparison. The remaining lease of 48 years is a critical factor, as properties with longer leases generally command more interest, particularly from first-time buyers and families looking for long-term stability. The slight deviation from the baseline price further suggests that while the market remains competitive, there is a measured approach by buyers, likely influenced by broader economic indicators and housing policies. In conclusion, this valuation not only represents the property's current worth but also reflects the intricate balance of supply and demand within the Pasir Ris HDB market.