4 Room (4A) HDB for Sale in 853 Tampines Street 83

The valuation of the HDB 4-room property located in the prestigious Tampines area reflects a noteworthy estimated value of $566,321, translating to $487 per square foot. This valuation positions the property significantly above the market baseline, indicating an 18% premium relative to comparable listings in the vicinity. Such a deviation suggests a heightened demand for HDB units in this particular region, a trend that may be influenced by various socio-economic factors, including the ongoing development of amenities and infrastructure that enhance the overall desirability of the area.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, with only one recent HDB resale transaction within the area to substantiate this valuation. This scarcity of comparable sales could introduce volatility into the estimated value, particularly given the property’s remaining lease of 58 years, which may impact future resale potential. Investors and homeowners alike should exercise due diligence and consider broader market trends, as well as individual property conditions, when making decisions in this evolving real estate landscape.