5 Room (5I) HDB for Sale in 136 Simei Street 1

The valuation of the 5-room HDB in Tampines, with a remaining lease of 60 years, stands at an estimated value of $654,531, translating to a price per square foot (PSF) of $499. This valuation reflects a significant market signal, positioned 14.6% above the baseline for comparable properties in the area. Such a premium suggests a robust demand within the Tampines district, which is characterized by its strategic location, extensive amenities, and strong community infrastructure.

The model confidence for this valuation is classified as high, corroborated by a comprehensive analysis of 145 recent HDB resale transactions in the vicinity. The elevated value is indicative of the prevailing market dynamics, where buyers are increasingly drawn to properties that offer a balance of affordability and remaining lease tenure. With only 60 years left on the lease, the property still commands a competitive price, suggesting that prospective homeowners are willing to invest in the potential for future appreciation in this vibrant and well-connected neighborhood.