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

The HDB 5-room property located in Pasir Ris, with a remaining lease of 66 years, has been appraised at an estimated value of $650,481, translating to a price per square foot (PSF) of $480. This valuation indicates a significant premium over the baseline market value, reflecting a substantial 21.3% increase. Such a deviation suggests that the property is positioned in a desirable segment of the Pasir Ris market, likely driven by unique local factors or amenities that enhance its appeal to potential buyers.

However, it is important to note that the model confidence regarding this valuation is classified as low, primarily due to the limited data set, which is based on only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may contribute to fluctuations in market sentiment, making it crucial for potential investors or homeowners to conduct thorough due diligence. As Pasir Ris continues to develop and evolve, the dynamics surrounding HDB leases and resale values will remain pivotal in shaping the overall investment landscape in this region.