Common Room (HDB) for Rent in 119 Pasir Ris Street 11

The valuation of this HDB 2-room unit in Pasir Ris, with a remaining lease of 61 years, stands at an estimated value of $73,100, translating to a price per square foot (PSF) of $731. This figure reflects a market price that is consistent with the baseline, indicating a stable valuation environment for HDB properties in this region. The model confidence is rated as medium, which suggests that while the valuation is grounded in recent market data, fluctuations may still occur due to broader economic factors or shifts in buyer sentiment.

Analyzing the recent transactions, a total of 16 HDB resale transactions in the vicinity have contributed to this valuation assessment. The data illustrates a steady demand for HDB units in Pasir Ris, a factor that is critical given the remaining lease term. As potential buyers often place significant importance on the lease duration, the 61 years remaining on this property provides a competitive edge in the current market. The stability in price indicates that while the overall market may experience volatility, the fundamentals in this area remain strong, making it a noteworthy consideration for prospective buyers and investors alike.