3 Room (3I) HDB for Sale in 405 Tampines Street 41

The valuation of the HDB 3-room property located in Tampines, with a remaining lease of 58 years, reflects a current estimated value of $387,246 or $599 PSF. This price positions the unit above the market baseline by approximately 16.2%, indicating a significant premium compared to comparable properties in the vicinity. Such a valuation suggests strong demand within the area, likely driven by its strategic location and accessibility to amenities, which continues to attract buyers despite the diminishing lease period.

However, it's important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data derived from only two recent HDB resale transactions in the vicinity. This lack of robust transactional data may imply that the current market dynamics are subject to volatility and may not fully represent the broader market trends. As the remaining lease continues to decrease, potential buyers should carefully consider the implications of lease tenure on future resale value and marketability within the evolving real estate landscape of Singapore.