4 Room (4A) HDB for Sale in 256 Pasir Ris Street 21

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 66 years, has been estimated at $595,284, translating to a price per square foot (PSF) of $494. This figure places the property above the current market baseline by 15.9%, indicating a premium valuation amidst the prevailing market dynamics. Such a significant deviation from the baseline suggests that this unit may be benefitting from unique attributes or demand factors that have not fully aligned with the wider market trends.

However, it is essential to note that the model confidence for this valuation is categorized as low, based on an analysis of just four recent HDB resale transactions in the vicinity. The limited transaction data may contribute to the variability in the valuation, necessitating a cautious approach for potential buyers and investors. The remaining lease of 66 years is a critical factor to consider, as it positions the property within a diminishing leasehold context, which can influence future resale value and demand. Understanding the balance between current market conditions and lease longevity is imperative for stakeholders navigating the Pasir Ris HDB landscape.