Common Room (HDB) for Rent in 185 Pasir Ris Street 11

The HDB 2-room unit located in Pasir Ris, with a remaining lease of 66 years, has been appraised at an estimated value of $32,489, translating to a price per square foot (PSF) of $541. This valuation reflects a stable market signal, indicating a 0% difference from the baseline, suggesting that the current market conditions are consistent with recent historical trends. The property’s valuation is underpinned by the analysis of four recent resale transactions in the vicinity, which provide a foundational comparison for the current market dynamics.

However, it is important to note that the model confidence for this valuation is classified as low, suggesting that there may be fluctuations or uncertainties influencing the market. Factors such as demographic shifts, governmental housing policies, and local economic conditions can significantly impact buyer sentiment and pricing in the HDB segment. As the remaining lease is relatively moderate at 66 years, potential buyers may exhibit varying levels of concern regarding long-term value retention. This necessitates a keen observation of market trends and buyer preferences to ensure informed decision-making in this segment of the property market.