Executive HDB for Sale in 579 Pasir Ris Street 53

The valuation of the HDB Executive property located in Pasir Ris, with a remaining lease of 67 years, stands at an estimated value of $892,424, translating to $572 PSF. This valuation is indicative of the current market dynamics, showcasing a premium of 12.1% above the baseline market value for similar properties in the area. Such a significant markup suggests a robust demand for HDB units in Pasir Ris, driven by both the intrinsic value of the location and the quality of the housing offered.

Analyzing the recent market activity, this valuation is supported by a comprehensive review of 284 recent HDB resale transactions in the vicinity, reflecting a high level of model confidence. The Pasir Ris area has shown resilience in its property market, characterized by a desirable living environment and accessibility to amenities. As the remaining lease of 67 years is still substantial, it positions this property favorably for long-term investment potential, appealing to both owner-occupiers and investors alike. Overall, this valuation not only signifies the standing of the property within the local market but also underscores the enduring appeal of HDB properties in Singapore’s evolving real estate landscape.