Terraced House for Room Rent: Liria Terrace

The valuation of the HDB 2 Room property located in Pasir Ris, with a remaining lease of 71 years, stands at an estimated value of $292,200, equating to a price per square foot (PSF) of $835. This valuation reflects a market price that is on par with the baseline, indicating a stable demand for HDB properties in this vicinity. The model confidence is categorized as medium, suggesting that while the data is reliable, fluctuations are still possible based on evolving market conditions.

Recent trends in the Pasir Ris area, supported by 17 recent HDB resale transactions, reveal a consistent market sentiment towards HDB properties. The absence of any significant deviation from the baseline price indicates a balanced market environment, where supply and demand are relatively aligned. Furthermore, the remaining lease period of 71 years remains attractive to potential buyers, as properties with longer leases generally command more interest and stability in their valuation. This combination of factors positions the HDB 2 Room in Pasir Ris as a noteworthy consideration for discerning investors and homeowners alike.