Common Room (HDB) for Rent in Pasir Ris Drive 3

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 98 years, stands at an estimated value of $582,169, translating to a price per square foot (PSF) of $582. This valuation reflects a stable market condition, as indicated by a market price that shows no deviation from the baseline, suggesting a balanced supply-demand scenario in the vicinity. The model confidence is rated as high, underscoring the reliability of this valuation derived from an extensive analysis of 428 recent HDB resale transactions in the area.

In the context of the property market in Singapore, particularly for HDBs, the long lease period of 98 years significantly enhances the attractiveness and perceived value of this unit. Such a lease duration is advantageous for homeowners and investors alike, providing a sense of security and stability in ownership. The Pasir Ris district, known for its family-friendly amenities and proximity to nature, continues to be a desirable locale, further solidifying the strong market signals reflected in this valuation.