5 Room HDB for Rent in 574 Pasir Ris Street 53

This valuation report focuses on a 5-room HDB unit located in the vibrant district of Pasir Ris, which currently holds a remaining lease of 68 years. With an estimated value of $598,777, translating to a price per square foot (PSF) of $545, the property is positioned at the baseline of the current market dynamics, reflecting a 0% variance from the established market price. This indicates a stable price point amidst the fluctuations commonly observed in the HDB resale market.

The strong model confidence rating of 'High' is derived from an extensive analysis of 338 recent HDB resale transactions in the vicinity, providing robust data that reinforces the valuation's credibility. Notably, the remaining lease of 68 years is particularly appealing to potential buyers, as it offers a substantial duration for ownership while still being attractive for long-term investment purposes. Given the current market conditions, characterized by steady demand and limited supply, this property not only represents a sound investment but also a desirable home for families seeking a balance of affordability and location within the thriving Pasir Ris area.