5 Room (5I) HDB for Sale in 721 Pasir Ris Street 72

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $635,314, translating to a price per square foot (PSF) of $476. This valuation positions the property significantly above the baseline market average, reflecting a notable 22.8% premium compared to similar units in the vicinity. Such a deviation indicates robust demand for HDB properties in this area, potentially driven by the attractive lifestyle offerings and amenities unique to Pasir Ris.

However, it is essential to note that the model confidence for this valuation is categorized as low, suggesting that the estimate is influenced by a limited dataset, consisting of only three recent HDB resale transactions in the vicinity. As the leasehold period is a critical factor in HDB valuations, prospective buyers should carefully consider the implications of the remaining lease of 67 years. While this property showcases a strong market signal, the overall health of the HDB market in this region warrants ongoing observation, especially in relation to lease decay and future resale potential.