3 Room (3A) HDB for Rent in 405 Tampines Street 41

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 58 years, stands at an estimated value of $495,726, translating to a price per square foot (PSF) of $620. This valuation indicates a market price that is consistent with the baseline, reflecting a 0% difference. Such stability in pricing suggests a balanced demand and supply scenario in the highly sought-after Tampines district, known for its vibrant community and extensive amenities.

However, it is important to note the model confidence in this valuation is categorized as low, primarily due to the limited data set, with only one recent HDB resale transaction in the vicinity serving as a reference point. This scarcity of comparable sales may lead to fluctuations in market sentiment, impacting future value assessments. As buyers navigate the complexities of HDB leases, particularly those nearing the mid-range of their lifespan, they must consider both the inherent value of the property and the implications of lease tenure on long-term investment potential.