Common Room (HDB) for Rent in 208 Pasir Ris Street 21

The valuation of the HDB Executive apartment in Pasir Ris, with a remaining lease of 66 years, stands at an estimated value of $126,212, translating to a price per square foot (PSF) of $505. This valuation reflects the current market dynamics, showcasing a stability with a 0% difference from the baseline price. Such resilience in pricing suggests a balanced demand-supply scenario in the local market, where recent transactions have stabilized value expectations for similar properties.

However, the model confidence for this valuation is categorized as low, predominantly based on only two recent HDB resale transactions in the vicinity. This limited data set raises questions regarding the robustness of the valuation, as fluctuations in market sentiment or changes in local development plans could significantly impact future price trajectories. Furthermore, with the remaining lease of 66 years, considerations regarding the lease decay and potential buyer perceptions will play a crucial role in shaping the property’s attractiveness in the long term.