5 Room (5I) HDB for Sale in 199 Pasir Ris Street 12

This valuation report focuses on a 5-room HDB unit located in the vibrant neighborhood of Pasir Ris, which boasts a remaining lease of 65 years. The estimated value of this property is pegged at $644,281, translating to a price per square foot (PSF) of $483. Notably, this valuation reflects a premium above the market baseline, registering a significant 10.2% differential. Such a valuation suggests strong demand for properties in the Pasir Ris area, driven by its strategic location and community amenities, which continue to attract potential buyers.

However, the model confidence for this valuation is categorized as low, indicating a degree of uncertainty in the underlying data. This assessment is derived from an analysis of five recent HDB resale transactions in the vicinity, which may not fully capture the dynamic market conditions. Investors should consider the implications of the remaining lease period, as properties with shorter leases may face depreciation in value over time. Furthermore, prospective buyers should remain vigilant regarding the evolving HDB market trends and neighborhood developments that could influence future valuations.