3 Room (3NG) HDB for Rent in 219 Tampines Street 24

In the dynamic landscape of Singapore's residential property market, the valuation of a 3-room HDB unit in Tampines, with a remaining lease of 75 years, stands at an estimated value of $501,898, translating to $683 PSF. The current market price reflects a neutral stance, indicating a 0% difference from the baseline. This stability in pricing suggests a balance between supply and demand in the HDB sector, particularly within the well-established and sought-after Tampines precinct.

However, it is crucial to note that the model confidence is categorized as low, which may stem from limited transactional data, as evidenced by only three recent resale transactions in the vicinity. Such a low confidence level highlights the potential for volatility in the market, driven by external economic factors and local property trends. As lease durations diminish, the remaining lease of 75 years also becomes a significant consideration for prospective buyers, who may weigh the implications of leasehold properties against their investment horizons. This valuation merits careful consideration in the context of broader market dynamics as well as individual buyer profiles.