3 Room (3NG) HDB for Rent in 164 Simei Road

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 61 years, stands at an estimated value of $706,349, translating to $589 per square foot (PSF). This valuation indicates a stable market condition, as evidenced by the 0% difference from the baseline. The HDB market in this region remains resilient, reflecting a balanced demand and supply dynamic that aligns well with the broader trends observed across Singapore's public housing landscape.

With the valuation derived from a robust analysis of 490 recent HDB resale transactions in the vicinity, our model confidence is rated as high. This strong confidence is attributed to the consistent demand for HDB properties in Tampines, a locality known for its strategic amenities and community infrastructure. As the remaining lease approaches the mid-60s, potential buyers may weigh the implications of lease tenure against price expectations, yet the market's current stability suggests a healthy appetite for well-priced units in this vibrant district.