5 Room (5I) HDB for Sale in 119 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 $673,184 or $474 PSF. This valuation is particularly noteworthy as it reflects a market signal that is classified as above market, showcasing a significant 15.9% difference from the baseline value derived from comparable transactions in the area.

This premium valuation is underpinned by a high level of model confidence, bolstered by data from 396 recent HDB resale transactions within the vicinity. The dynamics of the Pasir Ris property market indicate a robust demand for HDB units, driven by the area's desirable amenities and infrastructure. The remaining lease period of 61 years, while notable, does not appear to deter buyer interest, suggesting that the location and unit characteristics are highly sought after. As such, this property serves as an exemplary case of current market trends where strategic positioning and livability continue to drive valuations above standard benchmarks.