5 Room (5I) HDB for Sale in 856 Tampines Street 82

The valuation of the 5-room HDB unit in Tampines, with a remaining lease of 58 years, has been estimated at $718,267, translating to a price per square foot (PSF) of $547. This figure positions the property significantly above the prevailing market baseline, reflecting an 11.4% premium. Such an increase is indicative of robust demand for HDB properties in this well-established residential district, which is known for its comprehensive amenities and strategic connectivity.

Our analysis, derived from a dataset of 500 recent HDB resale transactions in the vicinity, yields a high confidence level in this valuation. The premium pricing can be attributed to several key factors:

• Location Appeal: Tampines is a mature estate with well-developed infrastructure, making it highly desirable among families and young professionals.
• Market Dynamics: The current HDB resale market is characterized by a competitive landscape, bolstered by limited supply and increasing buyer interest, particularly in larger units like the 5-room configuration.
• Lease Considerations: With 58 years remaining, the lease duration remains a critical element, enhancing the attractiveness of the property to potential buyers who prioritize long-term residency.