4 Room (4A) HDB for Sale in 240 Tampines Street 21

The valuation of the 4-room HDB unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $540,941, translating to $483 per square foot. This valuation is notably above the market baseline, registering a significant 34.9% premium. Such a discrepancy suggests a robust demand for HDB properties within this precinct, indicative of favorable market dynamics that are driving values higher than typical expectations.

Supported by data from 123 recent HDB resale transactions in the vicinity, our model exhibits a high confidence level in this valuation. The strong demand can be attributed to several factors, including the strategic location of Tampines, which is well-connected by public transport and offers a plethora of amenities. Additionally, the remaining lease of 56 years provides prospective buyers with a substantial period of ownership, ensuring longevity in their investment. As the HDB market continues to evolve, this property stands as a prime example of the resilience and appeal of HDB living in Singapore.