Bungalow for Room Rent: 114 Pasir Ris Road

The valuation of the 4-room HDB property in Pasir Ris, with a remaining lease of 75 years, stands at an estimated value of $142,480, translating to a price per square foot (PSF) of $570. This assessment reflects a market signal indicating that the property is priced at 0% difference from the baseline, suggesting a stable market position without significant fluctuations in demand or pricing trends within the area. The valuation is bolstered by a high model confidence, based on an extensive analysis of 429 recent HDB resale transactions within the vicinity, providing a robust foundation for this estimation.

In the context of the evolving market dynamics, the 75-year remaining lease holds substantial significance for prospective buyers and investors. Properties with a longer lease tenure often experience more resilience in valuation, and the current pricing reflects a balanced equilibrium between buyer interest and seller expectations. As Pasir Ris continues to develop with infrastructure improvements and community amenities, the HDB market here is expected to maintain its attractiveness, making this property a noteworthy consideration for those looking to invest in a stable yet dynamic residential landscape.