129 Simei Street 1

The valuation of the HDB 2-room apartment in Tampines, with a remaining lease of 60 years, has been estimated at $248,456, translating to a price per square foot (PSF) of $710. This price reflects a stable market signal, indicating a 0% difference from the baseline. Such stability in valuation is indicative of a balanced supply and demand dynamic within the Tampines area, which is known for its robust residential appeal and excellent connectivity.

Our analysis is supported by a thorough examination of 26 recent HDB resale transactions in the vicinity, which reinforces a high level of model confidence in this valuation. The consistent pricing reflects the ongoing desirability of HDB properties in this district, characterized by a well-established community and access to essential amenities. Additionally, with a remaining lease of 60 years, this property presents an attractive opportunity for both first-time buyers and investors, as it allows for a relatively long-term tenure within a flourishing neighborhood.