5 Room (5I) HDB for Sale in 185 Pasir Ris Street 11

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $670,574, translating to a price per square foot of $503. This figure is significant, reflecting a robust market performance that is assessed to be 16.3% above the established baseline for similar properties in the region. Such a premium valuation indicates a strong demand for housing within this precinct, driven by various factors including location desirability, accessibility, and the overall appeal of the Pasir Ris area.

Our analysis, grounded in data from 392 recent HDB resale transactions in the vicinity, underscores a high level of confidence in this valuation model. The sustained interest in HDB properties, particularly those with a longer remaining lease, suggests that buyers are willing to invest more for the promise of future utility and value retention. With an increasing population and evolving urban landscape, Pasir Ris continues to attract homebuyers, further solidifying its position in the competitive real estate market of Singapore.