5 Room (5I) HDB for Sale in 488A Tampines Avenue 9

The valuation of the HDB 5 Room unit in Tampines, with a remaining lease of 62 years, stands at an estimated value of $687,965, translating to a price per square foot of $528. This valuation is positioned above the current market baseline by 9%, indicating a potential premium attributed to the property’s strategic location within the bustling Tampines region, which is renowned for its comprehensive amenities and transport connectivity.

However, it is crucial to note that the model confidence for this valuation remains low, primarily due to the reliance on a limited dataset, consisting of only one recent HDB resale transaction in the vicinity. This scarcity of comparable transactions may not fully capture the nuanced dynamics of the local real estate market, suggesting potential volatility in future valuations. Investors and homeowners should therefore exercise caution and consider broader market trends and lease considerations when assessing the long-term value of this property.