5 Room (5A) HDB for Sale in 147 Pasir Ris Street 13

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $694,901, translating to a price per square foot (PSF) of $508. This valuation reflects a modest 0.7% deviation from the baseline market price, indicating a stable market environment with slight upward momentum. The property is situated in a developing enclave that is benefitting from ongoing urban rejuvenation efforts, which often correlate with enhanced demand and future value appreciation.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set derived from just two recent HDB resale transactions in the vicinity. This lack of robust transaction volume suggests potential market volatility and underscores the necessity for prospective buyers and investors to exercise due diligence. As the remaining lease is a critical factor influencing the desirability and valuation of HDB properties, this unit’s 66-year lease may appeal to buyers looking for longevity in their investment, yet it also raises considerations regarding future resale potential as the lease diminishes.