Executive HDB for Sale in 584 Pasir Ris Street 53

The valuation of the HDB Executive property located in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $988,381, translating to $633 PSF. This valuation indicates a market price that is just 0.8% above the established baseline, suggesting a relatively stable and competitive pricing environment in this segment of the HDB market. The proximity to essential amenities and the overall appeal of the Pasir Ris area are significant factors contributing to this valuation.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on a limited dataset consisting of only one recent HDB resale transaction in the vicinity. This highlights a need for caution when interpreting the current market signals, as fluctuations in demand or changes in buyer sentiment can heavily influence property values. As such, potential investors and homeowners should remain vigilant of broader market trends and the implications of the remaining lease period on long-term investment viability.