Terraced House for Room Rent: Liria Terrace

The valuation of the HDB 2-room property in Pasir Ris, with a remaining lease of 71 years, stands at an estimated value of $292,200, translating to a price per square foot (PSF) of $835. This assessment indicates a stable market signal, with the current market price reflecting a 0% difference from the baseline. Such equilibrium suggests that the property is accurately positioned within the competitive landscape of HDB resale transactions.

In light of the 17 recent HDB resale transactions in the vicinity, the model confidence is rated as medium, indicating a reasonable level of certainty surrounding the valuation. The extended lease period of 71 years enhances the investment appeal of this property, as it offers potential homeowners a significant duration of occupancy before lease expiry. Furthermore, Pasir Ris remains a sought-after locale due to its strategic location and accessible amenities, which are likely to sustain demand and support property values in the long term.