5 Room (5I) HDB for Sale in 489C Tampines Street 45

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 62 years, stands at an estimated value of $675,534 or $519 PSF. This valuation is positioned at a notable premium, reflecting a 12.5% difference above the baseline market value. Such a deviation indicates a robust demand for HDB properties in this established precinct, underscoring the area's desirability among prospective buyers. The factors contributing to this valuation are multifaceted, encompassing the proximity to amenities, public transport options, and the overall reputation of Tampines as a residential hub.

However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset comprising only two recent resale transactions in the vicinity. This scarcity of comparable sales may lead to fluctuations in market sentiment and pricing dynamics, which could impact the accuracy of the valuation over time. As the market continues to evolve, potential buyers and investors should remain vigilant of broader economic indicators and local developments that may influence future valuations and leasehold considerations.