3 Room (3A) HDB for Sale in 613B Tampines North Drive 1

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 92 years, stands at an estimated value of $611,822, equating to $825 per square foot. This valuation reflects a market price that is 4.3% above the baseline, indicating a competitive pricing scenario within the local HDB market. Such a premium suggests a buoyant demand for residential properties in Tampines, a district known for its strategic location, comprehensive amenities, and well-established community infrastructure.

However, it is important to note that the model confidence for this valuation is categorized as low, which may reflect the volatility and fluctuations typical of the current real estate landscape. This uncertainty is corroborated by the analysis of only four recent HDB resale transactions in the vicinity, which may not provide a comprehensive representation of the overall market dynamics. Investors and potential buyers should consider these factors, as well as the impact of remaining lease tenure on property value, when evaluating this opportunity in the context of Singapore's evolving real estate market.