4-Room HDB for Room Rent: 487C Tampines Street 45

The HDB 4-room unit in Tampines, with a remaining lease of 62 years, is currently valued at an estimated $161,447, which translates to a competitive price of $538 per square foot (PSF). This valuation positions the property at a baseline market price, indicating a stable demand within the Tampines area. Notably, the zero percent difference from the baseline reflects a consistent market trend, suggesting that the property is well-aligned with current market expectations, thus emphasizing its attractiveness among potential buyers.

The high model confidence rating is bolstered by the analysis of 113 recent HDB resale transactions in the vicinity, providing a robust statistical foundation for this valuation. The strong transaction volume not only indicates a healthy market appetite but also underscores the desirability of the Tampines precinct, known for its comprehensive amenities and connectivity. As the remaining lease of 62 years offers a viable duration for both investment and residency, prospective buyers can be assured of the property's longevity and potential for appreciation in value, anchored by the area’s steadfast appeal.