5 Room (5A) HDB for Sale in 230 Pasir Ris Street 21

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $702,040, translating to a price per square foot (PSF) of $476. This valuation is reflective of the current market dynamics, exhibiting a 3.3% deviation from the baseline price, which suggests a moderately competitive market environment. The low model confidence attached to this estimate indicates a need for careful consideration of external factors that may influence pricing in this area.

Recent resale transactions in the vicinity, which form the basis for this analysis, have provided limited data, thus impacting the reliability of the valuation. With only two comparable sales, the market signal derived from these transactions may not fully encapsulate the broader trends affecting HDB properties in Pasir Ris. As the remaining lease continues to diminish, potential buyers may exhibit heightened sensitivity to lease length, which is a crucial factor in their purchasing decisions. Overall, while the subject property shows promise in terms of value, the nuances of the current real estate landscape necessitate a comprehensive understanding of both lease tenure and market sentiment.