3 Room (3A) HDB for Rent in 817 Tampines Street 81

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $396,090, translating to $505 per square foot (PSF). This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently positioned at a fair market rate relative to comparable sales in the area. The analysis is based on four recent HDB resale transactions in the vicinity, which provide a contextual basis for this valuation.

However, the model confidence for this valuation is categorized as low, indicating potential fluctuations due to various market dynamics. The remaining lease of 56 years could influence buyer interest, as properties with shorter leases often attract more scrutiny and may command lower prices in the face of future lease expiry concerns. Furthermore, the Tampines district is known for its robust amenities and accessibility, which can exert upward pressure on property values. Nevertheless, prospective buyers should be mindful of the lease duration and its implications for long-term investment potential within the Singapore real estate landscape.