5 Room (5I) HDB for Sale in 185 Pasir Ris Street 11

The current valuation for the 5-room HDB property located in Pasir Ris is estimated at $662,952, equating to a price per square foot (PSF) of $489. This valuation reflects a notable market signal, indicating that the property is priced 11.6% above the baseline, suggesting a strong demand in the area despite the remaining lease of 66 years. This elevated pricing could be attributed to various factors, including the desirability of Pasir Ris as a residential hub, proximity to amenities, and the overall market sentiment towards HDB properties in the region.

However, it is crucial to note that the model confidence for this valuation is categorized as low, derived from only three recent HDB resale transactions in the vicinity. This limited data set may lead to volatility in the valuation, as market dynamics can shift rapidly based on external economic factors and local developments. Buyers and investors should approach this valuation with a degree of caution, considering the implications of the remaining lease and market trends before making a decision.