Common Room (HDB) for Rent in 112 Pasir Ris Street 11

The valuation of the HDB 2 Room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $89,233, translating to a price per square foot (PSF) of $744. This valuation is indicative of the current market dynamics within the vicinity, as it aligns precisely with the baseline market price, revealing a stable market condition without significant fluctuations. The medium model confidence suggests that while the valuation reflects a credible assessment, there are inherent market factors that could influence future price movements.

Recent trends, based on 17 comparable HDB resale transactions in the area, indicate a consistent demand for HDB properties in Pasir Ris, which is bolstered by the area's favorable amenities and community infrastructure. The remaining lease of 62 years is a critical factor, as properties with longer leases tend to attract more interest and maintain their value better over time. Investors and homeowners alike should consider the implications of lease duration on long-term investment potential, especially in a market that continues to demonstrate resilience despite external economic variables.