5 Room (5I) HDB for Sale in 114 Pasir Ris Street 11

The current valuation of the HDB 5-room unit in Pasir Ris stands at an estimated value of $622,217, translating to a price per square foot (PSF) of $474. This valuation reflects a significant market signal, indicating that the property is priced approximately 10.6% above the baseline. Such a premium suggests strong demand dynamics in the area, driven by a combination of desirable amenities, accessibility, and overall neighborhood appeal. With a remaining lease of 61 years, the property retains a substantial leasehold period, which is particularly attractive to both owner-occupiers and investors alike.

This valuation is supported by a robust dataset, utilizing insights gleaned from 392 recent HDB resale transactions within the vicinity, reinforcing the model’s high confidence level. The observed market conditions, characterized by limited supply and increasing buyer interest, contribute to the upward pressure on prices in the Pasir Ris region. Such factors underline the strategic importance of this property as a long-term investment opportunity, especially for those looking to capitalize on the ongoing developments and urban enhancements in the area.