Common Room (4A) HDB for Rent in 215 Pasir Ris Street 21

The valuation of the 4-room HDB unit in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $591,110, translating to $504 per square foot (PSF). This pricing reflects a market condition that has shown stability, as indicated by the 0% difference from the baseline market price. Such stability suggests that the property is currently positioned within a balanced market, where demand and supply are relatively well-matched, albeit within a low confidence model due to limited transaction data.

It is important to note that the model confidence for this valuation is categorized as low, primarily based on a narrow data pool, with only one recent HDB resale transaction in the vicinity to inform this assessment. This limitation in transaction volume may lead to potential volatility in future pricing, as it does not fully capture broader market trends or shifts in buyer sentiment. In the context of a 65-year lease, prospective buyers should weigh the impact of lease duration on long-term value appreciation, particularly in a dynamic market like Singapore's HDB landscape.