Common Room (HDB) for Rent in 483 Pasir Ris Drive 4

The valuation of the HDB 2 Room unit in Pasir Ris, with a remaining lease of 75 years, stands at an estimated value of $129,638, reflecting a price per square foot (PSF) of $864. This valuation indicates a stable market condition, as the current market price shows no deviation from the baseline, suggesting a balanced equilibrium in supply and demand dynamics. With the property being situated in a well-established residential enclave, it is essential to consider both the intrinsic value of the leasehold asset and the surrounding market trends.

Based on an analysis of 17 recent HDB resale transactions in the vicinity, the model confidence in this valuation is categorized as medium, indicating a reasonable degree of reliability while acknowledging the nuances of the current market landscape. The Pasir Ris area is characterized by its accessibility, community amenities, and proximity to recreational spaces, which enhance the desirability of HDB units. As the remaining lease period is relatively substantial at 75 years, potential buyers may view this as an appealing investment opportunity, particularly in a market where lease duration plays a crucial role in property valuation and buyer sentiment.