3 Room (3I) HDB for Sale in 5 Changi Village Road

The valuation of the HDB 3 Room in Pasir Ris, with a remaining lease of 51 years, stands at an estimated value of $252,766, translating to a price per square foot of $356. This valuation is characterized by a significant market signal indicating that the property is priced above the market average, with a notable 42.4% difference from the baseline. Such a discrepancy suggests that the property is positioned in a competitive segment of the market, reflecting strong demand and desirability in the Pasir Ris area.

Analyzing the current market dynamics, the model confidence is assessed as medium, which indicates a moderate level of certainty in the valuation based on recent transactional data. The valuation is supported by an analysis of 11 recent HDB resale transactions in the vicinity, suggesting a trend of increasing buyer interest in properties with similar characteristics. As the remaining lease length is a critical factor influencing HDB value, the 51-year tenure remaining is significant, as it balances the potential longevity of investment against the typical concerns surrounding shorter leases. Overall, this property exemplifies the complexities of HDB valuation within Singapore’s evolving real estate landscape.