4-Room HDB for Room Rent: 164 Tampines Street 12

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $62,209, translating to a price per square foot (PSF) of $479. This valuation reflects a stable market price, showing no deviation from the baseline, which indicates a balanced demand and supply scenario in the locality. However, the low model confidence attached to this estimate suggests a degree of uncertainty, largely due to the limited data pool, which is based on just one recent resale transaction in the vicinity.

In the context of Singapore's housing market, the remaining lease of 56 years may impact the long-term investment appeal of this property. Buyers typically consider the lease duration as a significant factor, impacting both resale potential and financing options. As the lease diminishes, properties may experience a decline in value, particularly in a competitive market such as Tampines where new developments and alternative housing options continuously emerge. Hence, while the current valuation suggests stability, potential investors should remain cognizant of the evolving market dynamics and lease considerations that could influence future transactions.