4 Room (4A) HDB for Sale in 117 Pasir Ris Street 11

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $544,605, translating to $469 per square foot (PSF). This valuation positions the property significantly above the market baseline, reflecting a 19.4% premium. Such a notable increase suggests a potent demand for HDB properties in this area, potentially driven by factors such as local amenities, accessibility, and the overall desirability of the Pasir Ris neighborhood.

However, it is critical to note the low model confidence associated with this valuation, attributed to the reliance on a limited dataset comprising only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales may lead to fluctuations in value perception within the market. As the remaining lease of 61 years may also impact long-term investment considerations, potential buyers should weigh the implications of lease duration alongside current market trends and the overall economic environment in Singapore.