4 Room (4A) HDB for Sale in 640 Pasir Ris Drive 1

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $586,799, translating to a price per square foot (PSF) of $524. This valuation reflects a significant premium, marking a 15.9% increase above the baseline market value. Such a deviation indicates a robust demand for HDB properties in this area, driven by the overall positive sentiment in the Singapore real estate market and the strategic location of Pasir Ris, which continues to attract families and young professionals alike.

The model confidence in this valuation is rated as medium, based on a careful analysis of 8 recent resale transactions within the vicinity. This data suggests a competitive market dynamic, where properties are highly sought after, particularly those with favorable lease durations. The remaining lease of 66 years positions this property well, as it aligns with the preferences of buyers looking for a balance between longevity and investment potential. Overall, this valuation not only underscores the desirability of HDB living in Pasir Ris but also highlights the potential for future appreciation in a thriving neighborhood.