Executive HDB for Sale in 647 Pasir Ris Drive 10

The assessed valuation for the HDB Executive unit in Pasir Ris, standing at an estimated value of $827,685, translates to a price per square foot (PSF) of $513. This valuation reflects a notable premium of 14.8% above the baseline market rate, indicating a strong demand for properties in this locale despite the remaining lease of 66 years. Such a premium may suggest a convergence of factors, including the strategic location of Pasir Ris, the amenities available, and potential infrastructural developments that could further enhance property values in the area.

However, it is crucial to note that the model confidence is currently classified as low, based on only three recent HDB resale transactions in the vicinity. This limited transactional data may introduce volatility in the valuation, underscoring the importance of a comprehensive analysis of market dynamics. Buyers and investors should exercise caution, ensuring due diligence is conducted to understand the broader market trends and the implications of the remaining lease on long-term value appreciation.