Executive HDB for Sale in 602 Elias Road

The valuation of the HDB Executive unit in Pasir Ris, with a remaining lease of 68 years, stands at an estimated value of $977,350, translating to a price per square foot (PSF) of $610. This valuation reflects a modest market signal, with only a 1.1% deviation from the baseline price, indicating a relatively stable market condition in this segment. The property is strategically located within a well-established neighborhood, which typically contributes positively to long-term value retention and appreciation potential.

However, it is important to note that the confidence in this valuation model is classified as low, primarily due to the reliance on a limited dataset, with only one recent HDB resale transaction recorded in the vicinity. Such a narrow data pool may not fully capture the prevailing market dynamics or the specific demand-supply conditions affecting HDB properties in Pasir Ris. As the local property market continues to evolve, potential buyers and investors should consider these factors carefully, particularly in relation to the lease remaining on this unit, as it could influence future resale potential and pricing trends.