4-Room HDB for Room Rent: 271 Tampines Street 21

The valuation of the HDB 4-room unit located in Tampines, with a remaining lease of 57 years, has been assessed at an estimated value of $87,452, translating to a price per square foot (PSF) of $437. This valuation is particularly noteworthy as it reflects a market price that is in perfect alignment with the baseline, indicating a 0% variance. Such stability in pricing may suggest a balanced demand and supply dynamic within the locality, reinforcing attractiveness for potential buyers who are discerning yet price-sensitive.

However, it is essential to highlight the model confidence assigned to this valuation, which is categorized as low. This indicates that while the valuation is supported by three recent HDB resale transactions in the vicinity, the limited data points may not capture the full spectrum of market conditions. The remaining lease of 57 years is a critical factor in the valuation, as properties with shorter leases may experience diminished demand and value over time. Potential investors and homeowners should remain cognizant of these lease dynamics and market signals when considering their engagement in the Tampines HDB market.