5 Room (5I) HDB for Sale in 102 Pasir Ris Street 12

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $609,608, translating to a price per square foot (PSF) of $464. This valuation not only reflects the intrinsic value of the property but also indicates a compelling market position, as it is assessed to be above the market average by 29.6%. Such a significant premium over the baseline is indicative of the growing demand for HDB properties in this region, underscoring the desirability of Pasir Ris as a residential locality.

With a model confidence rating categorized as high, this valuation is supported by an extensive analysis of 390 recent HDB resale transactions in the vicinity. The data highlights the resilience of the local property market, influenced by factors such as proximity to amenities, transport links, and community developments. As the remaining lease of 61 years provides a substantial timeline for potential homeowners, it is essential to consider the ongoing urban development initiatives in Pasir Ris which are likely to further enhance property values in the area. Investors and homeowners alike should remain cognizant of these dynamics as they navigate the evolving landscape of Singapore's real estate market.