Terraced House for Room Rent: Changi Heights

The valuation of the HDB 2-room unit in Pasir Ris, with a remaining lease of 75 years, stands at an estimated value of $207,247, translating to a price per square foot of $864. This valuation reflects a market price consistency, with no deviation from the baseline, indicating a stable demand for HDB units in this area. Such stability often signifies a healthy balance between supply and buyer sentiment, suggesting that prospective purchasers are aligning their expectations with current market conditions.

Moreover, this valuation is supported by an analysis of 16 recent HDB resale transactions in the vicinity, which reinforces the robustness of the pricing model utilized. The medium confidence level of the model suggests a reasonable degree of reliability, though potential fluctuations in the market should be monitored closely. As the remaining lease of 75 years continues to provide a substantial tenure for residents, it is essential to consider the long-term appeal of such properties in relation to evolving market dynamics and demographic trends in Pasir Ris.