3-Room HDB for Room Rent: 288 Tampines Street 22

The valuation of the HDB 3-room property in Tampines, with a remaining lease of 56 years, stands at an estimated value of $75,064, translating to a price per square foot (PSF) of $500. This valuation is particularly noteworthy as it indicates a market price that reflects a 0% difference from the baseline, suggesting a stable market sentiment in the area. Given that this property is situated in a well-regarded precinct known for its accessibility and amenities, the valuation aligns well with broader market trends observed in recent transactions.

The model confidence for this valuation is rated as high, further reinforcing the credibility of the estimate. The analysis is based on a comprehensive review of 297 recent HDB resale transactions in the vicinity, providing a robust dataset that underscores the reliability of the valuation. With the remaining lease of 56 years, potential buyers can expect a balanced investment opportunity, as properties with similar lease lengths in this locale have maintained their value effectively, indicating a resilient demand in the HDB market.