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

The valuation of the HDB 2 Room unit in Pasir Ris, with a remaining lease of 61 years, has been assessed at an estimated value of $86,000, translating to a price per square foot (PSF) of $717. This valuation reflects a market price that is stable, showing no deviation from the baseline, indicating a balanced supply-demand dynamic within the local HDB market. The current valuation is substantiated by an analysis of 16 recent resale transactions in the vicinity, which provides a robust dataset for comparison.

Given the medium confidence level associated with this model, it is crucial to consider the broader market signals that may influence future valuations. The remaining lease of 61 years is a critical factor, as it positions the property within a segment of the market that is increasingly sensitive to leasehold considerations. With HDB properties, the remaining lease period can affect buyer sentiment and investment decisions, particularly among younger buyers and investors looking for long-term value. As such, while the immediate market signal remains stable, ongoing monitoring of market trends and demographic shifts will be essential for anticipating future movements in property values in this area.