4-Room HDB for Room Rent: 140 Tampines Street 12

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $97,269, translating to a price per square foot (PSF) of $540. This valuation, exhibiting a market price that reflects a 0% difference from the baseline, indicates a stable market condition for HDB properties in this region. The model confidence is rated as high, bolstered by an extensive analysis of 500 recent HDB resale transactions in the vicinity, which ensures a robust understanding of the local market dynamics.

The remaining lease of 57 years is a critical factor in influencing the property’s valuation. In Singapore, as the lease duration diminishes, properties typically experience a decline in value, yet this particular valuation suggests that demand remains consistent in Tampines. The local market appears resilient, absorbing fluctuations and maintaining steady pricing despite the age of the lease. Investors and homeowners alike should take note of this stability, as it reflects a favorable environment for potential resale or rental opportunities in the long term.