5 Room (5I) HDB for Sale in 613 Elias Road

The valuation of the 5-room HDB unit in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $731,342, translating to $527 per square foot. This valuation is positioned significantly above the market average, reflecting a notable 28.4% premium over the baseline. Such a discrepancy suggests a strong demand for HDB properties in this particular locale, potentially influenced by the area's accessibility, amenities, and overall desirability among prospective buyers.

However, it is imperative to consider the low model confidence associated with this valuation, which is derived from only four recent resale transactions in the vicinity. This limited dataset may not fully encapsulate the prevailing market dynamics and could lead to volatility in future valuations. As the remaining lease diminishes, the perception of value may fluctuate, affecting buyer sentiment and demand. Thus, while the current valuation indicates a robust market signal, stakeholders should remain cautious and monitor ongoing trends closely.