4 Room (4A) HDB for Sale in 761 Pasir Ris Street 71

The valuation of the 4-room HDB property in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $554,915, translating to $487 per square foot. This valuation is notably positioned above the market baseline by 8.1%, indicating a premium that suggests heightened demand or specific desirability factors influencing this asset. The Pasir Ris area, known for its strategic location and family-friendly amenities, continues to attract buyers, which could be contributing to the upward valuation trend.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily due to the limited dataset of only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may introduce volatility and uncertainty into the valuation process, underscoring the necessity for potential buyers to conduct thorough due diligence. The remaining lease period of 67 years, while still within an acceptable range for HDB properties, will also play a crucial role in the long-term investment value and marketability of this unit as lease decay becomes a factor over time.