3 Room (3A) HDB for Rent in 251 Tampines Street 21

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, is estimated at $410,562, translating to a price per square foot (PSF) of $515. This valuation is particularly significant as it indicates a stable market price, reflecting no deviation from the established baseline. Such stability suggests that the local real estate market is currently characterized by a balanced supply and demand dynamic, allowing for a consistent valuation without substantial fluctuations.

With a robust model confidence rating of High, this valuation is supported by an extensive analysis of 298 recent HDB resale transactions in the vicinity. This comprehensive dataset reinforces the reliability of the estimated value, as it captures current market trends and buyer sentiment. The remaining lease period of 56 years is crucial, as it often plays a pivotal role in influencing buyer perceptions and investment decisions. In the context of the Tampines locale, the consistent demand for HDB properties, coupled with a finite supply, positions this unit as an attractive option for both homeowners and investors alike, fostering a resilient market environment.