3 Room (3A) HDB for Rent in 138 Tampines Street 11

The valuation of the 3-room HDB unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $396,871, translating to approximately $485 per square foot. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable pricing environment for similar properties in the area. The absence of price fluctuation suggests a balanced supply-demand scenario, where buyer sentiment remains consistent amidst the prevailing economic conditions.

However, it is essential to note that the model confidence in this valuation is classified as low, primarily due to the limited dataset, with only one recent HDB resale transaction available for comparative analysis. This lack of data points may result in a less reliable valuation, emphasizing the need for potential buyers and investors to exercise caution. The remaining lease of 56 years could also influence buyer interest and, consequently, future resale potential as lease decay becomes a consideration in pricing for properties within the HDB market. As such, stakeholders should remain vigilant and consider broader market dynamics when evaluating this property.