4 Room (4A) HDB for Sale in 489A Tampines Street 45

The valuation of the HDB 4 Room property located in Tampines, with a remaining lease of 62 years, stands at an estimated value of $523,775, translating to a price per square foot of $468. This valuation is notably positioned 14.6% above the market baseline, indicating a premium on the property relative to similar transactions in the area. Such a discrepancy suggests potential underlying factors that may be influencing demand, including the property's location, proximity to amenities, and overall desirability within the Tampines estate.

However, it is crucial to note that the model confidence is classified as low, due to reliance on a limited dataset comprising only one recent resale transaction within the vicinity. This lack of robust comparative data warrants a cautious approach to interpreting the valuation, as it may not fully capture prevailing market dynamics or shifts in buyer sentiment. As the remaining lease period is a significant consideration for potential buyers, the longevity of the lease could further affect the investment appeal of this property in the long term.