Master Room (HDB) for Rent in 429 Pasir Ris Drive 6

The valuation of the HDB 2-room unit located in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $112,191, translating to a price per square foot (PSF) of $743. This valuation reflects the current market sentiment, showing a zero percent difference from the baseline, indicating a stable market environment for HDB properties in this region. Given the recent transactions, this figure suggests that the unit is priced in line with the prevailing market rates, reinforcing the notion of a balanced supply-demand dynamic in the area.

Our analysis is based on a review of 16 recent HDB resale transactions in the vicinity, which provides a solid foundation for the confidence level of this valuation, albeit classified as medium. The consistency in pricing points to a resilient market, where potential buyers are willing to engage at these price levels, particularly in an environment where the remaining lease period is a critical factor in determining value. As leasehold properties approach significant milestones, such as the 60-year mark, buyer sentiment can fluctuate; however, the current market signals suggest a sustained interest in HDB flats in Pasir Ris, indicating that the fundamentals of the local property market remain robust.