Common Room (Landed) for Rent in Elias Terrace

The valuation of the HDB 2-room unit in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $120,537, translating to a price per square foot of $804. This valuation reflects a market price that is in line with the baseline, indicating a 0% difference, which signifies a stable market environment in the area. The implication of this stability is critical, particularly in a dynamic real estate landscape where fluctuations can significantly impact buyer sentiment and investment decisions.

Our analysis is founded on a robust dataset comprising 34 recent HDB resale transactions within the vicinity, providing a high confidence level in the model's predictions. The consistency in the market price suggests that the Pasir Ris area remains a competitive option for potential buyers, particularly those seeking properties with a reasonable remaining lease. The 67-year lease is noteworthy, as it positions the property within a favorable bracket for long-term residential living, appealing to both first-time buyers and investors looking for a steady asset in a well-established neighborhood. As the market continues to evolve, the resilience demonstrated in this valuation underscores the enduring appeal of HDB properties in Singapore's diverse real estate landscape.