HDB Executive for Room Rent: 502 Pasir Ris Street 52

The valuation of the HDB Executive property in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $89,127, translating to a price per square foot (PSF) of $594. This valuation reflects a market price that is in line with the baseline, indicating a stable demand for HDB properties in this area. However, the model confidence is categorized as low, suggesting potential volatility and variability in the market dynamics that could affect future pricing and demand.

Analyzing the recent market activity, we see that this valuation is supported by only four recent HDB resale transactions in the vicinity. This limited data set may contribute to the low confidence level in the valuation model, highlighting the need for caution when interpreting the results. As the remaining lease of 66 years comes into play, it is essential for potential buyers to consider the long-term implications of lease decay, which could impact the property's value as the lease term decreases. In summary, while the current valuation aligns with the market, prospective buyers should remain vigilant regarding market conditions and lease longevity, which could significantly influence the investment appeal of this property.