3 Room (3A) HDB for Rent in 221 Tampines Street 24

The valuation of the 3-room HDB unit in Tampines, with a remaining lease of 75 years, has been estimated at $540,014, translating to a price per square foot (PSF) of $687. This figure aligns closely with the prevailing market price, indicating a 0% difference from the baseline. Such stability in pricing suggests a balanced demand and supply scenario in the Tampines area, reflecting the ongoing desirability of HDB properties in this well-established residential enclave.

However, the model confidence for this valuation is marked as low, indicating potential variability in the assessment due to the limited data set of only six recent HDB resale transactions in the vicinity. This underscores the importance of considering external market dynamics and buyer sentiment, which can significantly influence property values. As the remaining lease of 75 years is a crucial factor in HDB valuations, potential buyers and investors should be mindful of the long-term implications of lease duration on property appreciation and marketability in the future.