Common Room (HDB) for Rent in 779 Pasir Ris Street 71

The valuation of the 2-room HDB unit in Pasir Ris, with a remaining lease of 68 years, stands at an estimated value of $54,116, translating to a price per square foot (PSF) of $558. This valuation reflects a market price that is consistent with the baseline, indicating a stable market condition in the area. The absence of any significant variance suggests that the property is currently positioned at a competitive price point relative to similar units in the vicinity.

However, it is crucial to note that the model confidence in this valuation is categorized as low, primarily due to the limited dataset analyzed—only four recent HDB resale transactions have been considered for this assessment. This limitation may affect the robustness of the valuation, as it does not fully capture the dynamic market conditions or the potential for price fluctuations in the Pasir Ris area. As such, potential buyers and investors should exercise caution and conduct further due diligence when considering this property, particularly in light of the remaining lease term, which significantly impacts long-term value and resale potential.