5 Room (5A) HDB for Sale in 168D Simei Lane

The valuation of the 5-room HDB unit in Tampines, with a remaining lease of 84 years, has been assessed at an estimated value of $820,866, translating to a price per square foot (PSF) of $713. This valuation reflects a significant market signal, indicating an appreciation of 7.2% above the baseline, suggesting robust demand and a competitive market environment for HDB units in this precinct. The high model confidence level is bolstered by comprehensive analysis drawn from 500 recent HDB resale transactions within the vicinity, underscoring the reliability of this valuation in the context of current market dynamics.

In the context of the broader real estate landscape, the resilience of the HDB market in Tampines can be attributed to several key factors, including its strategic location, well-established amenities, and continuous infrastructural developments. The remaining lease of 84 years positions this property favorably in the eyes of potential buyers, as it still offers substantial tenure compared to the average lease duration typically found in the market. As demand for HDB properties remains strong, particularly in sought-after districts like Tampines, this valuation not only reflects current market trends but also signals potential future appreciation as the area continues to develop and attract residents.