3 Room (3NG) HDB for Rent in 209 Tampines Street 21

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 54 years, stands at an estimated value of $338,697, translating to $461 per square foot (PSF). This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the current price is aligned with recent market trends in the vicinity. However, the model confidence is rated as low, which is primarily due to the limited dataset, with only one recent HDB resale transaction available for analysis in the area.

In the context of Singapore's property market, the remaining lease of this HDB unit is a critical factor influencing its valuation. With a lease period of 54 years, potential buyers may weigh their long-term investment horizons against the diminishing leasehold, which could impact future resale value. Additionally, the stability of the market price suggests a cautious but steady demand in this locale, characteristic of the broader HDB market dynamics where regional demand can fluctuate based on various economic indicators and buyer sentiment.