5 Room (5I) HDB for Sale in 117 Pasir Ris Street 11

The valuation of the 5-room HDB unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $626,400, translating to an impressive $470 per square foot. This valuation is notably positioned above the market average, reflecting an 11.6% premium over the baseline. Such a significant markup suggests robust demand within this locality, potentially driven by various factors including its proximity to essential amenities, transport links, and community developments that enhance the living experience.

With a model confidence rating classified as high, this valuation is reinforced by a comprehensive analysis of 54 recent HDB resale transactions in the vicinity. The data indicates a consistent upward trend in property values, underscoring the resilience of the Pasir Ris market despite broader economic fluctuations. As the remaining lease is still considerable, prospective buyers may perceive this property as a long-term investment, further contributing to its elevated valuation. The dynamics of the local real estate market, coupled with the attractive housing provisions in the area, suggest that this HDB unit is not only a desirable residence but also a strategic investment opportunity for discerning buyers.