5 Room (5A) HDB for Sale in 103 Pasir Ris Street 12

This valuation report examines a 5-room HDB property located in the vibrant district of Pasir Ris, with a remaining lease of 61 years. The estimated value of this unit stands at $610,016, translating to a price per square foot (PSF) of $465. Notably, this valuation is positioned significantly above the market baseline, reflecting a remarkable 22.9% premium. This considerable difference indicates strong demand and desirability for housing in this locale, often attributed to Pasir Ris' family-friendly environment, proximity to recreational amenities, and well-established transport links.

Our valuation model exhibits a high confidence level, bolstered by an analysis of 392 recent HDB resale transactions within the vicinity. This robust data set provides a reliable foundation for establishing the current market dynamics and price trends. As the market continues to demonstrate resilience in the face of broader economic conditions, the above-market valuation of this property highlights the potential for appreciation in HDB values, especially given the limited leasehold remaining. Buyers and investors should thus consider both the intrinsic value of the asset and the prevailing market conditions when assessing this premium offering.