Common Room (HDB) for Rent in 109 Pasir Ris Street 11

The valuation of the 2-room HDB unit in Pasir Ris, with a remaining lease of 63 years, stands at an estimated value of $90,596, translating to a price per square foot (PSF) of $755. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand in the area. The absence of deviation from the baseline price suggests that the market is currently in equilibrium, with buyer sentiment remaining cautiously optimistic amidst the broader economic landscape.

Our analysis is bolstered by the review of 16 recent resale transactions in the vicinity, underscoring a medium level of confidence in this valuation. The 63-year lease remains a significant factor in the property’s appeal, as it provides potential homeowners with a reasonable timeframe for residency, while still being mindful of the eventual lease decay. Furthermore, the Pasir Ris locale, characterized by its family-friendly environment and proximity to amenities, continues to attract interest from both first-time buyers and investors alike. This combination of lease longevity and location attributes positions this HDB unit as a competitive offering in the current market.