4 Room (4A) HDB for Sale in 249 Tampines Street 21

The valuation of the 4-room HDB in Tampines, with a remaining lease of 56 years, stands at an estimated value of $513,759, translating to $464 PSF. This valuation reflects a notable market signal, indicating that the property is priced above the prevailing market rate by 26.5% when compared to the baseline. Such a premium suggests a strong demand in the area, potentially driven by the strategic location of Tampines, which is well-known for its comprehensive amenities and connectivity.

However, it is essential to note that the model confidence in this valuation is categorized as low, primarily due to the reliance on a limited dataset, with only one recent HDB resale transaction in the vicinity serving as the basis for this assessment. The low confidence level underscores the necessity for potential buyers to conduct further due diligence, considering the dynamics of the local market and the implications of the remaining lease period. As the property market continues to evolve, these factors will play a crucial role in determining the long-term value retention of the HDB unit.