5 Room (5A) HDB for Sale in 162 Tampines Street 12

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $721,910, translating to a price per square foot (PSF) of $504. This valuation is positioned above the market baseline by 17.7%, suggesting a premium placed on this particular property compared to recent comparable sales. Such a significant deviation from the baseline indicates a perceived value that transcends typical market expectations, potentially influenced by unique attributes of the property or its strategic location within the Tampines precinct.

However, it is crucial to note that the model confidence for this valuation remains low, primarily owing to the limited data set, which is based on only two recent HDB resale transactions in the vicinity. This scarcity of transactional data may introduce volatility and uncertainty into the valuation process, underscoring the need for potential buyers and investors to exercise caution. Factors such as the remaining lease of the property may also play a pivotal role in shaping buyer sentiments, as HDB lease durations increasingly become a focal point of consideration in the current market dynamics.