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, while reflective of the current market dynamics, indicates a modest market price adjustment of 3.3% from the baseline. Such a differential suggests a stable yet cautious sentiment amongst buyers, likely influenced by the property’s remaining lease tenure and the broader economic conditions impacting the real estate market in Singapore.

Market signals derived from two recent HDB resale transactions in the vicinity reinforce the need for a nuanced interpretation of this valuation. The low model confidence associated with this estimate highlights the volatility that can accompany leasehold properties, particularly as they approach the latter stages of their lease. Prospective buyers should consider not only the immediate value but also the implications of lease duration on future resale potential and market desirability. In conclusion, while the valuation reflects current market conditions, stakeholders should remain vigilant regarding the evolving landscape of HDB properties in Singapore.