5 Room (5I) HDB for Sale in 487 Pasir Ris Drive 4

The valuation of the HDB 5 Room unit in Pasir Ris, with a remaining lease of 64 years, stands at an estimated value of $638,985, translating to a price per square foot (PSF) of $487. This valuation reflects a robust market signal, indicating an above-market price that is approximately 9.5% higher than the baseline for similar properties in the area. Such a premium valuation underscores the desirability of the Pasir Ris locality, which continues to attract buyers seeking a blend of affordability and quality living conditions.

Our analysis, grounded in a comprehensive review of 235 recent HDB resale transactions in the vicinity, shows a high model confidence in this valuation. The strong demand for HDB units in Pasir Ris is attributed to various factors, including its strategic location, accessibility to public transport, and proximity to amenities. Additionally, the remaining lease of 64 years remains an attractive proposition for potential buyers, as it offers a significant duration of tenure, ensuring long-term housing stability. As the market landscape continues to evolve, this property exemplifies a sound investment opportunity in a competitive real estate environment.