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

The HDB 5-room property located in Pasir Ris, with a remaining lease of 61 years, has garnered significant attention in the current real estate landscape, with an estimated value of $626,400, translating to a price per square foot (PSF) of $470. This valuation positions the property above the prevailing market baseline by 11.6%, underscoring a robust demand in this particular segment of the HDB market. The high model confidence rating indicates a strong correlation with recent market activities, substantiated by the analysis of 54 recent HDB resale transactions in the vicinity, which serves to reinforce the reliability of this valuation.

In the context of Singapore's housing market, the dynamics of remaining lease tenure play a pivotal role in influencing buyer sentiment and investment potential. With 61 years remaining, this property offers a balanced lifespan that appeals to both families and investors seeking stability in their housing assets. The above-market valuation signals a healthy competition among buyers, reflective of the desirability of the Pasir Ris area, which is characterized by its vibrant community amenities and proximity to recreational spaces. As such, this property not only represents a sound investment opportunity but also reflects broader market trends that indicate sustained interest in quality HDB housing within well-established neighborhoods.