4 Room (4A) HDB for Sale in 476 Pasir Ris Drive 6

The valuation of the HDB 4-room property in Pasir Ris, with a remaining lease of 62 years, stands at an estimated value of $504,425, translating to a price per square foot (PSF) of $455. This assessment indicates a substantial market signal, being positioned 25.9% above the baseline valuation. This significant premium suggests a strong demand for housing in the Pasir Ris area, which may be influenced by various local developments and amenities that enhance the desirability of the neighborhood.

However, it is essential to note that the model confidence for this valuation is classified as low, which indicates potential variability in the market dynamics. The valuation is based on just two recent HDB resale transactions in the vicinity, highlighting the necessity for caution when interpreting these figures. Given the remaining lease duration, prospective buyers should consider the implications of leasehold properties in Singapore's real estate landscape, especially in a market where lease tenure can significantly affect property value over time.