3-Room HDB for Room Rent: 226 Tampines Street 23

The valuation of the HDB 3-room unit located in the vibrant district of Tampines reflects a nuanced understanding of the local property dynamics, particularly given its remaining lease of 57 years. With an estimated value of $106,126, equating to a price per square foot (PSF) of $531, this property stands at a critical juncture within the market spectrum. Notably, the market price indicates a 0% difference from the baseline, suggesting that the current valuation is in alignment with prevailing market sentiments. This stability is indicative of a balanced demand-supply scenario in the area, yet the low model confidence implies a degree of caution should be exercised by potential investors.

Recent transactional data further elucidates the landscape, with insights drawn from three comparable HDB resale transactions in the vicinity. These transactions highlight the competitive nature of the Tampines market, underscoring the importance of lease duration in influencing buyer sentiment. As properties with shorter remaining leases typically experience depreciation in value, the 57-year lease remaining on this unit may present both opportunities and challenges. It is crucial for potential buyers to consider the implications of leasehold tenure on their investment, particularly in a market where future resale potential could be affected by the lease expiry timeline.