4 Room (4A) HDB for Sale in 221 Tampines Street 24

The valuation of the 4-room HDB property located in Tampines, with a remaining lease of 57 years, stands at an estimated value of $555,874 or $497 PSF. This valuation is notably positioned 22.3% above the market baseline, indicating a significant premium in the current real estate climate. Such a valuation reflects not only the desirable characteristics of the property but also the robust demand for HDB units in this vibrant district of Singapore.

The model confidence for this valuation is categorized as high, underpinned by a comprehensive analysis of 143 recent HDB resale transactions within the vicinity. The strong market signal suggests that buyers are willing to pay a premium for properties in this area, likely driven by factors such as proximity to essential amenities, public transport, and a well-established community infrastructure. As the remaining lease continues to diminish, it is critical for potential buyers to consider both the current market dynamics and the future implications of lease tenure on property value.