3-Room HDB for Room Rent: 251 Tampines Street 21

This analytical summary evaluates the valuation of a 3-room HDB property located in the vibrant district of Tampines, which boasts a remaining lease of 56 years. The estimated value of this unit stands at $77,272, translating to a price per square foot (PSF) of $515. The current market signal indicates a stable valuation with no deviation from the baseline, reflecting a balanced demand and supply scenario in the HDB resale market.

The high model confidence is underpinned by an extensive analysis of 297 recent HDB resale transactions within the vicinity, which reinforces the reliability of this valuation. The 56-year remaining lease plays a critical role in the property’s valuation dynamics, as it presents a favorable balance between affordability and potential for future appreciation. Buyers in this segment are typically attuned to both the lease duration and the area's developmental potential, which can further influence price movements in the near and long term.