Common Room (HDB) for Rent in 274 Pasir Ris Street 21

The HDB 2-room unit located in Pasir Ris, with a remaining lease of 66 years, holds an estimated value of $81,223, translating to a price per square foot (PSF) of $541. This valuation indicates a market position that is essentially stable, as evidenced by its alignment with the baseline market price, reflecting a 0% difference. Such a valuation suggests that the property is competitively priced within the current market landscape, which is critical for attracting potential buyers seeking affordability in a vibrant neighbourhood.

Despite the stable valuation, the model confidence is categorized as low, indicating that there is a level of uncertainty in the data used for this estimation. The valuation is based on four recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of the market dynamics. The properties' remaining lease of 66 years is a significant factor, as lease decay can influence buyer sentiment and future resale value. In the context of Pasir Ris, where demand for HDB properties can be influenced by factors such as proximity to amenities and public transport, this valuation underscores the necessity for a nuanced understanding of local market conditions and future lease implications.