5 Room (5I) HDB for Sale in 109 Pasir Ris Street 11

The valuation of the 5-room HDB property in Pasir Ris, with a remaining lease of 63 years, stands at an estimated value of $648,001, translating to a price per square foot (PSF) of $489. This valuation places the property above the market baseline by an impressive 12.7%, indicating strong demand and a robust market positioning within the HDB resale landscape. The high confidence level of this model, bolstered by data from 392 recent transactions in the vicinity, underscores the reliability of this assessment.

Given the remaining lease, this HDB unit benefits from both longevity and desirability, especially in a vibrant district like Pasir Ris, which is known for its family-friendly environment and accessibility to amenities. The above-market valuation suggests that buyers are willing to pay a premium for well-located properties with favorable lease terms, reflecting broader market dynamics that favor HDB units in this area. As such, potential investors and homeowners should consider the implications of this valuation, particularly in terms of long-term appreciation and the intrinsic value of owning a property in a sought-after district.