5 Room (5I) HDB for Sale in 185 Pasir Ris Street 11

The valuation of the 5-room HDB unit in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $647,308, translating to a price per square foot (PSF) of $489. This valuation is notable as it positions the property above the market baseline by 12.8%, indicating a premium status within the current market landscape. Such a significant deviation from the baseline suggests an acute demand for HDB units in this region, potentially driven by various factors including local amenities, proximity to transport hubs, and the overall desirability of the Pasir Ris area as a residential choice.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset of only three recent HDB resale transactions in the vicinity. This underscores the volatility and unpredictability often associated with property valuations in the HDB sector, particularly when the data pool is restricted. As the remaining lease of 66 years may also influence buyer sentiment, it becomes crucial for potential investors and homeowners to consider both the current market dynamics and the long-term implications of lease duration on property value appreciation.