4-Room HDB for Room Rent: 484 Pasir Ris Drive 4

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 64 years, is estimated at $85,570, translating to a price per square foot (PSF) of $475. This valuation reflects a market price that shows no deviation from the established baseline, indicating a stable pricing environment within this district. Such equilibrium suggests that buyer sentiment is currently tempered, which may be attributed to both the remaining lease duration and broader economic conditions affecting the real estate landscape.

Analysis of three recent HDB resale transactions in the vicinity indicates a cautious market, underscored by the model's low confidence level in the valuation outcome. The 64-year remaining lease is a critical factor, as properties with shorter leases often experience less robust demand, particularly among owner-occupiers who prioritize long-term habitation. This scenario creates a nuanced dynamic where potential buyers weigh the longevity of their investment against current market conditions and future resale prospects.