5 Room (5I) HDB for Sale in 145 Pasir Ris Street 11

The valuation of the 5-room HDB unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $650,481, translating to a price per square foot (PSF) of $480. This valuation is notably positioned above the market average, presenting a 21.3% premium compared to the baseline established from comparable transactions in the vicinity. Such a significant deviation indicates a robust valuation trend, albeit one that requires careful consideration due to the low confidence level attributed to the model used for this assessment.

Market dynamics in Pasir Ris reflect the broader trends observed in Singapore's HDB market, where properties with longer remaining leases often command higher premiums. However, the low confidence in this model suggests potential volatility in the local market, influenced by factors such as buyer sentiment and economic conditions. Given that this valuation is based on only two recent resale transactions, it is imperative for prospective buyers and investors to conduct thorough due diligence, evaluating not just the current valuation but also the long-term investment potential of properties within this region.