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

The valuation of the HDB 5 room property located in Pasir Ris, with a remaining lease of 66 years, is estimated at $650,481, translating to $480 per square foot. This valuation is notably positioned 21.3% above the market baseline, indicating a strong premium relative to comparable properties in the area. Such a significant deviation suggests that the property may offer unique attributes or is situated in a desirable location that justifies this elevated pricing.

However, it is crucial to note that the model confidence is categorized as low, based on a limited dataset comprising only two recent HDB resale transactions in the vicinity. This low confidence level implies potential volatility in the valuation, influenced by fluctuating market dynamics and buyer sentiment. The remaining lease of 66 years also plays a pivotal role in the valuation, as properties with shorter leases may face depreciation in value over time, particularly as they approach the 60-year mark. Investors and potential homeowners should consider these factors carefully when evaluating the attractiveness of this Pasir Ris property in the current market landscape.