4 Room (4A) HDB for Sale in 184 Pasir Ris Street 11

The valuation of the 4-room HDB property in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $580,875, translating to a price per square foot (PSF) of $510. This valuation positions the property significantly above the current market baseline by 11.9%, indicating a robust demand coupled with the property’s strategic location and amenities offered in the Pasir Ris area. The high model confidence rating suggests that this estimate is grounded in solid market data, drawing insights from 305 recent HDB resale transactions within the vicinity, thereby reinforcing its reliability.

In analyzing the market dynamics, it is essential to note that properties with a remaining lease of 66 years are situated in a unique segment of the HDB market. Buyers often weigh the lease duration heavily in their purchasing decisions, and this particular property benefits from its favorable position in a thriving neighborhood, characterized by an array of facilities and accessibility options. The above-market valuation signals not only a healthy appetite for HDB units in Pasir Ris but also reflects broader trends of increasing property values amidst a competitive landscape. Investors and homebuyers alike should consider the implications of this valuation, as it underscores both the potential for appreciation and the desirability of the area moving forward.