Common Room (HDB) for Rent in 104 Pasir Ris Street 12

The recent valuation of an HDB 2 Room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $86,000, translating to a price per square foot (PSF) of $717. This valuation is derived from a robust analysis of 16 recent HDB resale transactions in the vicinity, providing a solid basis for market comparison. Notably, the market price reflects a 0% difference from the baseline, indicating that the property is positioned at the current market equilibrium, suggesting stability in buyer sentiment and demand for HDB units in this area.

With 61 years remaining on the lease, this property appeals to a demographic looking for affordability while still being able to leverage the advantages of HDB living. The medium confidence level of the valuation suggests that while the analysis is grounded in empirical data, it is subject to fluctuations in the broader market dynamics, particularly in the context of Singapore's evolving real estate landscape. As the Pasir Ris area continues to develop, with enhanced connectivity and community amenities, the long-term outlook for this property type remains cautiously optimistic, particularly for first-time buyers and those seeking lower entry points into the housing market.