5 Room (5I) HDB for Sale in 118 Pasir Ris Street 11

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $572,969, translating to a price per square foot of $436. This valuation indicates a significant premium above the baseline market price, reflecting a 13.4% increase. Such an upward deviation in value suggests a robust demand for properties in this locality, likely driven by the area's appeal, amenities, and connectivity.

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, with only one recent HDB resale transaction in the vicinity informing this estimate. This lack of comprehensive market data could introduce volatility into the valuation, warranting cautious optimism among potential buyers and investors. As the remaining lease continues to be a critical factor in HDB valuations, this property’s 61-year lease may offer a balanced trade-off between longevity and market desirability, appealing to those who prioritize both investment potential and urban living.