Common Room (HDB) for Rent in 243 Pasir Ris Street 21

This analytical summary presents an in-depth valuation of a 2-room HDB property located in the vibrant estate of Pasir Ris, with a remaining lease of 65 years. The estimated value stands at $79,992, translating to a price per square foot of $533. This valuation reflects the current market dynamics, with a market price indicating a 0% difference from the baseline, suggesting stability in the local real estate environment.

Despite the seemingly flat market signal, the low confidence level in this model indicates the potential for volatility, which can arise from various factors influencing buyer sentiment and market supply. The valuation is grounded in the analysis of four recent HDB resale transactions in the vicinity, providing a contextual benchmark for comparison. As the remaining lease diminishes over time, prospective buyers should consider the implications of lease longevity on future resale potential and overall investment value. The Pasir Ris area, known for its family-friendly amenities and accessibility, continues to be an attractive proposition for both first-time buyers and investors alike.