Common Room (HDB) for Rent in 474 Pasir Ris Drive 6

The valuation of the HDB 2-room unit located in Pasir Ris, with a remaining lease of 75 years, stands at an estimated value of $105,696, translating to a price per square foot (PSF) of $881. This figure is particularly significant as it reflects a market price that shows a 0% difference from the baseline, indicating stability in the current market dynamics for similar properties in the area. The valuation is derived from an analysis of 16 recent resale transactions within the vicinity, providing a robust foundation for this estimate.

The medium model confidence associated with this valuation highlights the nuanced nature of the HDB market in Pasir Ris, where factors such as remaining lease duration and local demand play pivotal roles in influencing property prices. As the remaining lease extends beyond the critical threshold of 60 years, this property retains a solid investment value, appealing to both first-time buyers and investors seeking stable assets in a competitive market. The data underscores a resilient HDB market, particularly for properties with substantial remaining leases, enhancing their attractiveness amidst evolving buyer preferences and demographic trends.