5 Room (5I) HDB for Sale in 104 Pasir Ris Street 12

The HDB 5-room unit in Pasir Ris, with a remaining lease of 61 years, presents an estimated value of $627,057, translating to a price per square foot (PSF) of $478. This valuation signals a notable premium over the baseline, reflecting a substantial 24.4% difference from the average market rate in the area. Such a premium suggests that the property may be appealing to buyers seeking a blend of accessibility and community amenities that Pasir Ris offers, further bolstered by its proximity to recreational and transport facilities.

However, the model confidence for this valuation remains low, indicating potential volatility in the market dynamics. The analysis is derived from just four recent HDB resale transactions within the vicinity, suggesting that while the current market sentiment may be favorable, it is essential to consider the limited data available. Buyers and investors should exercise caution and conduct thorough due diligence, particularly in a landscape where lease duration can significantly influence perceived value. The 61-year remaining lease, while still substantial, may also affect long-term investment considerations, especially as the property ages and lease decay becomes a factor in future valuations.