4-Room HDB for Room Rent: 109 Pasir Ris Street 11

The valuation of the 4-room HDB property in Pasir Ris, with a remaining lease of 63 years, stands at an estimated value of $74,211, translating to a price per square foot (PSF) of $495. This valuation reflects a stable market price, indicating a 0% difference from the baseline, which suggests a balanced condition in the local real estate market. Such a scenario typically implies that buyer sentiment is cautious, likely driven by the property’s remaining lease duration and overall market dynamics.

Despite the low model confidence associated with this valuation, which is derived from only seven recent HDB resale transactions in the vicinity, it is essential to recognize the implications of the remaining lease on property desirability. In Singapore, properties with a lease that extends beyond 60 years can still be appealing, particularly for young families and first-time homebuyers. However, as the lease diminishes, potential buyers may factor in future lease decay into their purchasing decisions, which could influence market trends in Pasir Ris moving forward. Investors and homeowners alike must keep a vigilant eye on these dynamics as they navigate the evolving landscape of Singapore's HDB market.