4-Room HDB for Room Rent: 278 Tampines Street 22

The current valuation of the 4-room HDB unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $48,348, translating to a price per square foot (PSF) of $483. This valuation is particularly noteworthy as it reflects a market price that is in alignment with baseline metrics, indicating a stable and balanced market condition in this sought-after region. The consistency in pricing suggests that buyers perceive value in this property type, especially given the strategic location of Tampines, which is well-connected and offers a plethora of amenities.

Our analysis is underpinned by a robust dataset comprising 118 recent HDB resale transactions in the vicinity, providing a strong empirical foundation for this valuation. The high model confidence indicates a reliable estimation, bolstered by tangible market dynamics that favor HDB properties in the area. As such, this valuation not only highlights the intrinsic worth of the property but also underscores the broader trends within the HDB market, suggesting a resilient demand amidst evolving housing needs.