5 Room (5I) HDB for Sale in 117 Pasir Ris Street 11

The valuation of the HDB 5-room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $617,231, translating to a price per square foot (PSF) of $470. This valuation is notably positioned above the market average, reflecting a significant 34.5% premium compared to the baseline. Such a marked difference underscores the strong demand and desirability of properties in this locale, driven by Pasir Ris's unique blend of residential appeal, accessibility, and community amenities.

This analysis is founded on a robust dataset comprising 54 recent HDB resale transactions in the vicinity, which bolsters the model's confidence rating at a high level. The sustained interest in HDB units within Pasir Ris can be attributed to the area’s strategic location and the ongoing urban development initiatives that enhance its attractiveness. As the remaining lease of 61 years provides ample time for ownership longevity, this property not only meets the immediate housing needs but also serves as a sound investment avenue in Singapore's dynamic real estate market.