128 Simei Street 1

The valuation of the HDB 2-room unit in Tampines, with a remaining lease of 60 years, is estimated at $177,469, translating to a price per square foot (PSF) of $710. The property’s value reflects a strategically positioned asset within a vibrant and well-established neighborhood, where HDB resale demand continues to exhibit resilience despite broader economic fluctuations. Given the current market price shows a 0% difference from the baseline, it indicates that the valuation is in line with prevailing market conditions, showcasing stability in this segment of the real estate landscape.

The model confidence for this valuation is assessed as high, supported by an analysis of 26 recent HDB resale transactions in the vicinity. Such a robust data set affirms the reliability of the valuation and highlights the competitive nature of the HDB market in Tampines. As the remaining lease of 60 years is considered a significant factor in buyer sentiment, it is essential to recognize that properties with longer leases tend to attract more interest, thus influencing pricing dynamics. Overall, this valuation not only reflects the current market sentiment but also underscores the enduring appeal of HDB living in a prime location like Tampines.