Common Room (HDB) for Rent in 106 Pasir Ris Street 12

The valuation of the 2-room HDB unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $86,073, translating to a price per square foot (PSF) of $717. This valuation reflects the current market dynamics, showcasing a 0% difference from the baseline, indicating stability in pricing amidst the broader property market fluctuations. Such consistency is indicative of sustained demand for HDB units within this locality, particularly as the area continues to benefit from ongoing urban development and infrastructural improvements.

Analysis of 17 recent HDB resale transactions in the vicinity supports this valuation, suggesting a medium level of confidence in the assessed value. The proximity to essential amenities, coupled with the demographic appeal of Pasir Ris, has contributed to maintaining property values in this segment. As the remaining lease of 61 years is crucial in the context of HDB properties, it is essential to consider the implications of lease decay and its impact on future resale potential. However, the current market performance indicates that this unit remains a viable investment, particularly for first-time buyers or those seeking to capitalize on the stable rental market in the region.