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

The valuation of the HDB 4-room unit in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $591,110, translating to a price per square foot (PSF) of $504. This assessment indicates a stable market position, as the estimated value reflects a 0% difference from the baseline market price, suggesting that the property is priced at par with similar units in the area. The stability in pricing could be attributed to the resilience of the HDB market in this region, where demand continues to be supported by the ongoing development and urban planning initiatives in Pasir Ris.

However, the model confidence for this valuation is rated as low, primarily due to the reliance on a limited data set, with only one recent HDB resale transaction in the vicinity. This scarcity of transactional data may impede the accuracy of the valuation, highlighting the need for potential buyers and investors to approach with caution. Furthermore, with 65 years remaining on the lease, prospective buyers should consider the implications of lease tenure on property value and future resale potential. Understanding the dynamics of leasehold properties in Singapore is crucial, as the remaining lease period significantly influences market perception and investment decisions.