4 Room (4A) HDB for Sale in 497C Tampines Street 45

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 67 years, stands at an estimated value of $620,835, translating to a price per square foot (PSF) of $565. This valuation places the property significantly above the baseline market price, reflecting an 11.1% premium. Such a discrepancy denotes a strong demand in the Tampines area, indicative of its desirability as a residential locale, supported by robust infrastructural developments and amenities that resonate well with prospective buyers.

Our model confidence is rated as high, based on an analysis of 108 recent HDB resale transactions within the vicinity, which provides a solid foundation for this valuation. The remaining lease of 67 years is a critical factor; properties with longer leases typically command higher prices due to perceived value retention and investment stability. This valuation not only highlights the intrinsic value associated with the HDB unit but also underscores the prevailing market dynamics in Tampines, where demand continues to outstrip supply, thereby sustaining upward price pressures.