4 Room (4A) HDB for Sale in 416 Pasir Ris Drive 6

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $554,111, translating to a price per square foot (PSF) of $490. This valuation positions the property significantly above the market average, reflecting a 22.7% premium compared to the baseline established by recent transaction data. Such a substantial deviation underscores the strong demand dynamics in the Pasir Ris area, where the desirability of HDB living remains robust amid evolving demographic trends and urban development initiatives.

The model confidence associated with this valuation is categorized as high, bolstered by a comprehensive analysis of 429 recent HDB resale transactions within the vicinity. This extensive dataset not only affirms the accuracy of the valuation but also highlights the competitive nature of the Pasir Ris HDB market. Factors influencing this premium include the area's accessibility to public transport, proximity to amenities, and the overall appeal of the community environment. As Singapore's property landscape continues to adapt, the remaining lease of this unit further positions it as an attractive option for prospective buyers keen on long-term investment in a thriving locale.