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

The recent valuation of a 4-room HDB unit in Pasir Ris, with a remaining lease of 68 years, has been estimated at $102,051, translating to a price per square foot (PSF) of $510. This valuation indicates a market price that aligns closely with the baseline, reflecting a 0% difference. Such pricing dynamics suggest a relatively stable market condition within the Pasir Ris area, where demand and supply factors are currently balanced.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating potential volatility or uncertainty in the pricing trends. This may be attributed to the limited data set, as the valuation was derived from only three recent HDB resale transactions in the vicinity. Investors and homeowners should be aware that while the remaining lease of 68 years provides a significant tenure for occupancy, it is also a crucial factor influencing resale potential and market appeal in the long term.