Executive HDB for Sale in 604 Elias Road

In our latest valuation analysis, we focus on an Executive HDB unit located in the vibrant district of Pasir Ris, boasting a remaining lease of 66 years. The estimated value of this property stands at $890,251, translating to a price per square foot (PSF) of $537. This valuation positions the property within a competitive market landscape, reflecting a market price that is merely 1% above the baseline. Such a slight deviation signals a stable demand within the area, although caution is warranted given the low model confidence associated with this estimate.

The valuation is underpinned by recent resale transactions in the vicinity, with only two comparable sales providing the basis for our analysis. These transactions indicate a modest yet active market for HDB properties in Pasir Ris, characterized by a consistent interest in HDB Executive units. However, potential buyers and investors should remain cognizant of the implications of the remaining lease length, as a diminished lease can influence future resale potential and overall investment attractiveness. As the market continues to evolve, monitoring lease dynamics and local market conditions will be imperative for making informed real estate decisions in this area.