4-Room HDB for Room Rent: 216 Pasir Ris Street 21

The valuation of the HDB 4-room property in Pasir Ris, with a remaining lease of 68 years, stands at an estimated value of $102,051, translating to a price per square foot (PSF) of $510. This valuation reflects a market signal that is aligned with the baseline, indicating no significant price differential. Such stability in pricing suggests a balanced demand and supply scenario within the district, reinforcing the property's competitive position in the current market landscape.

However, it is important to note that the model confidence for this valuation is categorized as low, which may imply a degree of uncertainty surrounding the market dynamics specific to the area. The analysis is grounded on three recent HDB resale transactions in the vicinity, providing a foundational basis for the valuation. Investors and potential homeowners should consider the implications of the remaining lease on future resale opportunities, as properties with shorter leases may encounter diminishing value over time. As the HDB market in Singapore continues to evolve, staying informed about lease longevity and market fluctuations will be paramount for making informed property decisions.