Common Room (HDB) for Rent in 112 Pasir Ris Street 11

In the vibrant residential landscape of Pasir Ris, the valuation of an HDB 2-room unit reflects a nuanced understanding of both current market conditions and the implications of lease tenure. With a remaining lease of 62 years, this property is estimated at $89,158, translating to a price per square foot of $743. This valuation indicates a stable market signal, as it aligns perfectly with the baseline price, suggesting equilibrium between supply and demand in the locality.

The model confidence for this valuation is categorized as medium, derived from a robust analysis of 16 recent HDB resale transactions in the vicinity. This data set provides a reliable indicator of market trends, highlighting the resilience of Pasir Ris as a sought-after residential area. As the remaining lease diminishes over time, potential buyers and investors must weigh the implications of leasehold duration against market dynamics, particularly in a landscape where HDB properties continue to be a cornerstone of Singapore's housing policy.