4 Room (4A) HDB for Sale in 477 Pasir Ris Drive 6

The valuation of the HDB 4 Room in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $553,822, translating to a price per square foot of $481. This valuation is positioned significantly above the market baseline, reflecting a notable 14.7% premium. Such a discrepancy indicates strong demand and a robust market sentiment in the Pasir Ris area, where community amenities and connectivity play critical roles in driving property values.

With a model confidence rating classified as High, this valuation is supported by a comprehensive analysis of 429 recent HDB resale transactions in the vicinity. The data reveals a competitive landscape for HDB properties, particularly for those with extended leases which are becoming increasingly desirable among buyers. The 62-year remaining lease provides potential homeowners with a substantial period of residential security, appealing to both first-time buyers and investors looking for long-term value. As such, this property exemplifies the current market dynamics that favor well-located HDB units with favorable lease tenures.