5 Room (5I) HDB for Sale in 764 Pasir Ris Street 71

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 67 years, is pegged at an estimated value of $714,596, translating to a price per square foot (PSF) of $519. This valuation places the property above the market baseline by 6.4%, indicating a robust demand for HDB units in this locality. Such a premium suggests that buyers are not only willing to pay more for the property but are also recognizing the intrinsic value associated with living in Pasir Ris, a well-established residential enclave known for its accessibility and community amenities.

The model confidence in this valuation is categorized as high, bolstered by a thorough analysis of 409 recent HDB resale transactions in the vicinity. This extensive data set provides a solid foundation for understanding current market dynamics, revealing that properties in this area are maintaining their value effectively despite fluctuations in the broader real estate market. The remaining lease of 67 years is a crucial factor, as it still offers prospective buyers a substantial period of occupancy, which is particularly appealing in a market where lease decay can significantly affect property desirability and valuation.