4-Room HDB for Room Rent: 474 Pasir Ris Drive 6

The valuation of the HDB 4 Room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $53,886, translating to a price per square foot (PSF) of $490. This valuation reflects a stable market dynamic, evidenced by the consistent alignment with the baseline market price, indicating a 0% difference. Such stability suggests a well-balanced demand and supply scenario in the Pasir Ris locality, where the housing market remains resilient despite broader economic fluctuations.

The model confidence for this valuation is categorized as high, underscored by the analysis of 425 recent HDB resale transactions in the vicinity. This robust dataset provides a comprehensive insight into prevailing market trends and buyer sentiment, reinforcing the credibility of the estimated value. As the remaining lease of 62 years is a crucial factor in HDB valuations, it positions this property within a favorable segment of the market, appealing to a demographic seeking long-term residential stability in a well-established neighborhood.