5-Room HDB for Room Rent: 412 Pasir Ris Drive 6

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $103,028, translating to a price per square foot (PSF) of $515. This valuation reflects a market price that is currently aligned with the baseline, indicating a stable market condition without significant appreciation or depreciation trends. The absence of variance from the baseline suggests a general equilibrium in the local real estate market, which is particularly relevant given the low model confidence derived from a limited data set of only one recent HDB resale transaction in the vicinity.

Investors and homeowners should note that the remaining lease of 62 years may impact the long-term value proposition of this property. In Singapore's context, HDB properties typically see varying levels of demand based on lease duration, with longer leases generally commanding higher valuations. The current valuation, while stable, indicates a cautious outlook in the market, emphasizing the need for potential buyers to remain vigilant regarding fluctuations in demand and supply dynamics within the Pasir Ris area. Overall, this HDB unit represents a strategic opportunity for buyers attuned to the nuances of leasehold properties in Singapore's evolving real estate landscape.