3 Room (3A) HDB for Sale in 109 Tampines Street 11

The valuation of the HDB 3-room unit located in the sought-after district of Tampines, with a remaining lease of 56 years, stands at an estimated value of $386,231, translating to $485 per square foot (PSF). This valuation is noteworthy as it signals a market position that is above the baseline by 24.2%. Such a premium reflects the increasing desirability of the Tampines area, which has consistently been a focal point for homebuyers and investors alike.

However, the model confidence in this valuation is categorized as low, indicating potential variability in market conditions and buyer sentiment that could influence actual transaction prices. The analysis is supported by three recent HDB resale transactions in the vicinity, which provide a foundation for this estimation. Investors and prospective buyers should remain mindful of the dynamics of remaining lease lengths, as the 56-year tenure could impact future valuation trajectories, particularly in a market where leasehold properties are subject to varying demand based on age and remaining lease duration.