5 Room (5A) HDB for Sale in 618B Tampines Street 61

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 94 years, stands at an estimated value of $902,754, translating to $742 per square foot (PSF). This valuation is reflective of a 2.6% difference from the baseline market price, indicating a moderate alignment with current market conditions. However, it is essential to note that the model confidence for this valuation is rated as low, primarily due to the reliance on a limited dataset—only one recent HDB resale transaction in the vicinity. Such a narrow data pool may not adequately capture the broader market dynamics impacting this specific segment.

In the context of the Tampines estate, the remaining lease of 94 years plays a significant role in influencing the property’s value, as prospective buyers often consider lease duration as a critical factor in their purchasing decisions. The slight premium over the baseline market price suggests that the property holds some competitive advantages, potentially related to its location, amenities, or overall demand in the area. However, the low confidence level serves as a cautionary note for potential investors, emphasizing the importance of comprehensive market analysis and consideration of additional comparable sales to validate this valuation.