3 Room (3NG) HDB for Sale in 246 Tampines Street 21

The valuation of the HDB 3-room property located in the highly sought-after district of Tampines reflects a current estimated value of $496,046, translating to $688 PSF. With a remaining lease of 75 years, this property stands at a pivotal juncture, where both the extended lease and the surrounding market dynamics play a crucial role in its market appeal. The slight market price adjustment of 3.2% from the baseline serves as a notable indicator of the local demand, suggesting that while the property is competitively priced, external factors may be influencing buyer sentiment and willingness to transact.

The valuation model has indicated a low confidence level, primarily due to the limited dataset derived from just four recent HDB resale transactions in the vicinity. This scarcity of comparative sales underlines the inherent volatility in the current market landscape, which may be influenced by macroeconomic conditions, interest rate fluctuations, and the evolving preferences of homebuyers. As such, potential investors and homeowners should carefully consider these market signals alongside the property’s leasehold status, as the remaining lease could significantly impact long-term value appreciation and the overall investment potential in the Tampines area.