3 Room (3A) HDB for Rent in 212 Tampines Street 23

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $377,634, reflecting a price per square foot (PSF) of $524. This assessment is underpinned by a robust analytical model that draws on data from 329 recent HDB resale transactions within the vicinity, providing a strong foundation for the valuation with a high level of confidence.

Current market dynamics indicate that this property is priced at the baseline market price, signaling a stable market condition with no significant upward or downward deviation. This equilibrium suggests that demand for HDB properties in Tampines remains resilient, particularly for units with a substantial lease period. As a well-established residential enclave, Tampines continues to attract buyers, driven by its accessibility, amenities, and community features. The remaining lease of 57 years positions this property favorably, offering potential buyers a balance between affordability and the longevity of tenure, which is critical in the context of HDB valuations.