5-Room HDB for Room Rent: 567 Pasir Ris Street 51

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 65 years, is estimated at $58,106, translating to a price per square foot (PSF) of $581. This figure aligns closely with the current market price, indicating a 0% difference from the baseline value. Such stability in pricing suggests a balanced market sentiment, where supply and demand are relatively equal, reflecting the property’s desirability in this well-established residential area.

However, it is important to note that the model confidence for this valuation is categorized as low, derived from only two recent resale transactions in the vicinity. This limited data set raises questions about the robustness of the valuation, as it may not fully capture the nuances of the local market dynamics. Potential buyers and investors should exercise caution and consider the implications of the remaining lease on future resale potential, as properties with shorter leases may experience diminished interest over time.