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

The valuation of the HDB 3-room property in Tampines, with a remaining lease of 56 years, stands at an estimated value of $397,888, translating to a price per square foot (PSF) of $499. This valuation is notably above the market baseline, reflecting a significant 30.7% premium. Such a substantial divergence from the baseline indicates strong demand dynamics in the Tampines region, which is characterized by its strategic location, vibrant community amenities, and robust transport connectivity.

The model confidence for this valuation is rated as high, underscored by a comprehensive analysis of 288 recent HDB resale transactions in the vicinity. This extensive data set not only reinforces the credibility of the valuation but also highlights the underlying market trends influencing property prices in this area. With the remaining lease of 56 years, buyers should be cognizant of the lease decay factor; however, the current market signals suggest that properties in this locality are likely to retain their desirability, making it a compelling investment opportunity. As the landscape of HDB resale properties continues to evolve, this valuation serves as a critical benchmark for stakeholders navigating the competitive real estate market in Singapore.