Common Room (HDB) for Rent in 452 Pasir Ris Drive 6

The valuation of the HDB 2-room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $119,721, translating to a price per square foot (PSF) of $744. This valuation reflects a market price that is in line with the baseline, indicating a stable demand within this segment of the housing market. The medium level of model confidence suggests that while the valuation is supported by current market trends, external factors could influence future pricing dynamics.

Analyzing the broader market context, the valuation is grounded in data from 17 recent HDB resale transactions in the vicinity. This data not only reinforces the reliability of the estimated value but also highlights the competitive nature of the Pasir Ris area, which has seen consistent interest from potential buyers. The absence of a price differential from the baseline could suggest that the market is currently in equilibrium, with supply and demand balancing effectively. As leasehold properties typically exhibit varying demand based on the remaining years of lease, the 62-year tenure of this unit remains a significant factor in its valuation, offering a blend of affordability and long-term investment potential in a sought-after locale.