3 Room (3NG) HDB for Sale in 820 Tampines Street 81

The valuation of the HDB 3 Room property in Tampines, with a remaining lease of 56 years, stands at an estimated value of $390,626, translating to a price per square foot of $534. This valuation positions the property above the market baseline by 20.3%, indicating a significant premium in the current real estate landscape. The elevated valuation suggests that demand in the Tampines area is robust, potentially driven by the neighborhood's strategic location and the amenities it offers.

However, it is essential to note that the model confidence for this valuation is classified as low, relying on only two recent resale transactions in the vicinity. This limited data set may not fully capture the broader market dynamics, which could influence future price trends. Given the remaining lease period of 56 years, potential buyers should also consider the implications of leasehold properties in Singapore, particularly regarding their long-term investment viability. As market conditions evolve, stakeholders should remain vigilant and informed about local developments that could impact HDB valuations.