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

The subject HDB 5-room unit located in Pasir Ris, with a remaining lease of 66 years, presents a compelling investment opportunity with an estimated market value of $670,574, translating to $503 per square foot. This valuation, which is notably 16.3% above the baseline market value, reflects not only the desirability of the Pasir Ris area but also the robust demand for HDB properties in this segment. The region’s appeal is further underscored by its strategic location and proximity to essential amenities, making it a sought-after choice for families and investors alike.

The high model confidence, supported by an extensive analysis of 392 recent HDB resale transactions in the vicinity, indicates a strong consensus on the property’s value. Such confidence underscores the current market dynamics, where limited supply and sustained demand have driven prices upward. As the remaining lease on this unit stands at 66 years, it remains well within the acceptable range for HDB buyers, who are often more inclined towards properties with lease tenures that afford them long-term residency. In conclusion, this HDB unit not only epitomizes value but also reflects the broader trends of resilience and growth within the Singapore real estate market.