5 Room (5A) HDB for Sale in 184 Pasir Ris Street 11

The HDB 5 Room property located in Pasir Ris, with a remaining lease of 66 years, presents a current estimated value of $761,061, translating to approximately $516 per square foot (PSF). This valuation is derived from an analysis of two recent resale transactions in the surrounding area, providing a localized benchmark for potential buyers and investors. However, the model confidence for this valuation remains low, indicating a degree of uncertainty in the market dynamics influencing this property.

Market signals indicate a modest 2.5% deviation from the baseline price, suggesting a relatively stable demand in the Pasir Ris region despite broader economic uncertainties. The remaining lease duration of 66 years is noteworthy, as it positions this property within a critical juncture of potential investment appeal. Buyers should consider the implications of lease longevity on future resale value, particularly in a market where leasehold properties may face varying degrees of demand based on their remaining tenure. As such, this valuation reflects a balance of current market conditions and the intrinsic factors associated with HDB properties in Singapore.