5 Room (5I) HDB for Sale in 772 Pasir Ris Street 71

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $698,455, translating to a price per square foot (PSF) of $519. This valuation positions the property above the current market baseline by 7.4%, indicating a premium status within the local HDB market. Such a notable deviation from the baseline reflects a demand-supply dynamic that may be influenced by factors such as location desirability, upcoming infrastructural developments, and the overall sentiment in the real estate sector.

However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the reliance on just one recent resale transaction in the vicinity. This limited dataset may not fully encapsulate the broader market conditions or the intricacies of buyer sentiment in Pasir Ris. As the remaining lease of the property stands at 67 years, prospective buyers should carefully consider the implications of leasehold duration on long-term investment value, especially in a market where lease decay can impact future resale potential. Overall, while the current valuation suggests an attractive opportunity, market participants are advised to exercise caution and conduct further due diligence in light of the prevailing uncertainties.