3 Room (3A) HDB for Sale in 284 Tampines Street 22

The valuation of the HDB 3 Room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $430,375, translating to a price per square foot (PSF) of $540. This valuation is notably positioned above the market baseline, reflecting a substantial 20.8% premium compared to similar properties in the area. Such a significant deviation from the baseline indicates a robust demand for HDB properties in this well-established neighborhood, which is characterized by its accessibility and comprehensive amenities.

Having analyzed 491 recent HDB resale transactions within the vicinity, our model confidence remains high, reinforcing the reliability of this valuation. The strong market signal suggests that buyers are willing to pay a premium for properties in Tampines, driven by a combination of factors including the area's strategic location, quality of life, and ongoing urban development initiatives. As the remaining lease approaches the midpoint of its lifespan, prospective buyers may view this property as an attractive investment, particularly given the potential for future appreciation in a thriving residential market.