3 Room (3NG) HDB for Sale in 211 Tampines Street 23

The recent valuation of a 3-room HDB unit in Tampines, with a remaining lease of 57 years, estimates its value at $408,190, translating to a price per square foot of $566. This valuation, which exceeds the market baseline by an impressive 27.4%, indicates a robust demand for HDB properties in this region, driven by a combination of local amenities, connectivity, and lifestyle offerings.

The model confidence level for this valuation is categorized as high, bolstered by an analysis of 492 recent HDB resale transactions within the vicinity. The data suggests that buyers are willing to pay a premium for properties in Tampines, reflecting a positive sentiment in the market driven by factors such as the area’s strategic location and comprehensive infrastructure development. As the remaining lease stands at 57 years, potential buyers may perceive this unit as a viable long-term investment, further enhancing its attractiveness despite the diminishing lease period.