Common Room (HDB) for Rent in 182 Pasir Ris Street 11

The valuation of the HDB 2-room unit in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $106,657, equating to a price per square foot (PSF) of $533. This figure reflects a market price that shows no deviation from the baseline, indicating a stable environment for HDB transactions in this particular precinct. The valuation is derived from an analysis of four recent resale transactions in the vicinity, which collectively inform the market dynamics present in Pasir Ris.

However, it is important to note that the model confidence for this valuation is categorized as low. This suggests that while the data points from the recent sales provide a basis for the current estimate, there may be underlying market fluctuations or unique property attributes that could influence the actual transaction price. With a remaining lease of 65 years, potential buyers may exhibit varying degrees of sentiment towards the longevity of the leasehold, which could further impact demand dynamics in the area. As the residential landscape in Singapore continues to evolve, monitoring these factors will be essential for understanding future valuation trends.