3 Bed Walk-up Apartment (Condo) for Sale in Watercrest

The subject property, a 5-room HDB located in the Pasir Ris estate, presents a compelling valuation of $721,258, translating to a price per square foot (PSF) of $545. With a remaining lease of 72 years, this property is positioned well within the market, demonstrating an above-market valuation that is 94.1% higher than the baseline. This significant premium reflects the strong demand dynamics in the Pasir Ris area, which is characterized by a combination of desirable amenities, accessibility, and a family-friendly environment.

The model confidence for this valuation is rated as high, bolstered by an analysis of 101 recent HDB resale transactions in the vicinity. This robust dataset underpins the credibility of the valuation, indicating that the property not only meets but exceeds market expectations. The remaining lease of 72 years further enhances its appeal, as it offers prospective buyers a substantial duration of ownership. As the Singaporean real estate landscape continues to evolve, properties like this are likely to maintain their value, driven by ongoing urban development and infrastructural improvements in the Pasir Ris region.