5 Room (5A) HDB for Sale in 474 Pasir Ris Drive 6

The valuation of the HDB 5-room property in Pasir Ris, with a remaining lease of 62 years, stands at approximately $639,526, translating to a price per square foot (PSF) of $487. This figure positions the property above the market baseline by 9.5%, indicating a premium valuation that may reflect localized demand dynamics or unique property features. While the area exhibits a competitive market, it is noteworthy that this valuation is based on only one recent HDB resale transaction in the vicinity, which contributes to a low model confidence level.

In the context of Singapore's real estate landscape, the remaining lease of 62 years is a critical factor influencing buyer sentiment and investment potential. Properties with shorter leases often face diminishing interest over time, yet Pasir Ris has demonstrated resilience in its property values due to its strategic location and access to essential amenities. Investors should exercise caution, considering the low model confidence and the limited transaction data available, while also recognizing the potential for future appreciation should the local market conditions remain favorable.