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, is estimated at $89,158, translating to a price per square foot (PSF) of $743. This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference from market expectations. Such stability in pricing suggests that the property market in Pasir Ris is currently exhibiting a balanced dynamic, where demand and supply are well-matched, and buyers are willing to transact at these levels without significant premiums or discounts.

Our analysis is based on recent data derived from 16 HDB resale transactions in the vicinity, which lends a medium confidence level to the model's predictions. The longevity of the remaining lease is a critical factor in this context, as properties with over 60 years of leasehold remaining tend to maintain value more robustly, especially in a well-established area like Pasir Ris. Furthermore, this price stability may be indicative of broader market sentiments, where potential buyers are increasingly looking for HDB options that offer both affordability and longevity, thereby reinforcing the appeal of this property in the current market landscape.