Common Room (HDB) for Rent in 182 Pasir Ris Street 11

The valuation of the HDB 2-room unit in Pasir Ris, with a remaining lease of 65 years, stands at an estimated value of $85,325, translating to a price per square foot of $533. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand in the area. The relatively low model confidence suggests that while the valuation is supported by the data, there may be external factors influencing the market that are not fully captured in the analysis.

Recent resale transactions in the vicinity, totaling four in number, reinforce the credibility of this valuation but also highlight the competitive nature of the HDB market in Pasir Ris. The remaining lease plays a crucial role in shaping buyer sentiment and potential investment appeal. With 65 years left, the property retains a sizeable lease duration that may attract both first-time buyers and investors looking for long-term appreciation. However, potential buyers should be cognizant of the implications of lease decay and its impact on future resale opportunities.