4 Room (4A) HDB for Sale in 618B Tampines Street 61

The valuation of the 4-room HDB unit in Tampines, with a remaining lease of 94 years, stands at an estimated value of $683,900, translating to $683 PSF. This valuation is notably positioned above the market average, indicating a robust demand for properties in this locale, reflected by a significant 24.3% difference from the baseline. Such a premium valuation underscores the desirability of Tampines as a residential destination, driven by its strategic location, comprehensive amenities, and vibrant community environment.

The model confidence for this valuation is classified as high, supported by an extensive analysis of 500 recent HDB resale transactions within the vicinity. This substantial dataset not only enhances the reliability of the valuation but also illustrates the prevailing market dynamics that favor properties with longer remaining leases. As buyers increasingly prioritize lease duration, the 94-year lease of this unit is likely to appeal to both owner-occupiers and investors looking for stable, long-term asset appreciation. The ongoing interest in HDB properties in this region further emphasizes the strong fundamentals that underpin the current valuation.