4 Room (4A) HDB for Sale in 864A Tampines Street 83

The valuation of the 4-room HDB property in Tampines, with a remaining lease of 60 years, is estimated at $563,425 or $504 PSF. This valuation positions the property above the market baseline by 6.1%, indicating robust demand and a strong competitive edge in the current real estate landscape. Such a premium suggests that buyers are willing to pay a higher price for properties in this locality, driven by both intrinsic value factors and external market conditions.

With a model confidence rated as high, this valuation is supported by a comprehensive analysis of 216 recent HDB resale transactions in the vicinity. The sustained interest in the Tampines area is likely fueled by its strategic location, accessibility, and the ongoing development efforts that enhance its appeal. As leasehold properties typically experience depreciation, the remaining 60-year lease indicates that the property still holds significant value, making it an attractive investment for prospective homeowners and investors alike.