Executive HDB for Sale in 607 Elias Road

The valuation of the HDB Executive property in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $889,376, translating to a price per square foot (PSF) of $555. This valuation is notably above the market baseline, reflecting an impressive 8.1% premium. Such a deviation indicates strong demand for HDB properties within this locality, driven by various factors including the strategic location, proximity to amenities, and the overall desirability of the Pasir Ris area.

The model confidence for this valuation is rated as high, supported by an extensive analysis of 334 recent HDB resale transactions in the vicinity. This data underscores the resilience of the HDB market in Pasir Ris, where properties are retaining value effectively despite the remaining lease period. As Singapore continues to evolve, the significance of leasehold properties, particularly those with a substantial remaining tenure, becomes increasingly prominent in determining market dynamics and investment potential.