Common Room (HDB) for Rent in 243 Pasir Ris Street 21

The valuation of the HDB 2 Room property in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $79,992, translating to a price per square foot (PSF) of $533. This valuation reflects the current market dynamics, where the property exhibits a stable market price with a 0% difference from the baseline. Such stability indicates a balanced demand and supply scenario, suggesting that buyers are willing to engage at this price point, albeit with caution given the low model confidence associated with this valuation.

Analysis of the local market, based on four recent HDB resale transactions in the vicinity, reveals a competitive landscape influenced by various factors including proximity to amenities, public transport accessibility, and overall neighborhood desirability. However, the low model confidence signals potential uncertainties in achieving this value, which may be attributed to shifts in buyer sentiment or fluctuations in the broader economic environment. As the remaining lease diminishes, it will be crucial for potential buyers and investors to consider the long-term implications of leasehold properties in this evolving market context.