4-Room HDB for Room Rent: 113 Pasir Ris Street 11

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $60,565, translating to a price per square foot (PSF) of $505. This valuation reflects a stable market signal, as it shows no deviation from the baseline market price, indicating a balanced equilibrium between supply and demand in the area. The high model confidence, derived from an extensive analysis of 160 recent HDB resale transactions in the vicinity, underpins the robustness of this valuation.

As the remaining lease plays a critical role in determining the long-term investment potential of HDB properties, the 62-year lease of this unit positions it favorably in the market, appealing to both first-time homebuyers and investors alike. Given the consistent demand for HDB properties in Pasir Ris, coupled with the strategic location and accessibility to amenities, this property is well-poised to maintain its value. The current market dynamics suggest a stable outlook, making it a prudent choice for prospective buyers seeking a reliable asset in Singapore’s evolving real estate landscape.