3 Room (3A) HDB for Sale in 604A Tampines Avenue 9

This report presents a detailed valuation analysis of a 3-room HDB flat located in the highly sought-after area of Tampines, which boasts a remaining lease of 91 years. The estimated value of this property stands at $652,355, translating to an impressive $891 per square foot (PSF). This valuation reflects a subtle market signal, indicating a 3.7% difference from the baseline price, suggesting that the property is slightly above the average market rate for similar units in the vicinity.

The model confidence for this valuation assessment is classified as medium, based on analyses of 8 recent HDB resale transactions in the area. This data points towards a stable demand for HDB properties in Tampines, driven by its strategic location, accessibility to amenities, and community infrastructure. The remaining lease of 91 years further enhances the investment appeal, providing prospective buyers with a substantial duration of tenure. As the market continues to evolve, monitoring the dynamics of resale prices and leasehold interests in this region will be crucial for potential investors and homebuyers alike.