5 Room (5I) HDB for Sale in 417 Pasir Ris Drive 6

This valuation report presents an in-depth analysis of a 5-room HDB unit located in the sought-after region of Pasir Ris, with a remaining lease of 62 years. The estimated value of the property is pegged at $668,431, translating to a price per square foot (PSF) of $509. This valuation positions the property at a premium, reflecting an above-market signal of 10.4% when compared to baseline pricing in the area. Such a divergence indicates a heightened demand for HDB units in Pasir Ris, driven by factors such as proximity to essential amenities, recreational facilities, and established transportation networks.

However, it is essential to note that the model confidence is categorized as low, primarily due to the reliance on a limited data set, with only one recent resale transaction available for comparative analysis in the vicinity. This scarcity of transactional data could potentially skew the perceived market value. Investors and homeowners should approach this valuation with a nuanced understanding of the evolving market dynamics and consider the implications of the remaining lease period on future resale potential. The balance between current valuation and long-term lease sustainability will be critical in making informed decisions regarding this property.