5 Room (5I) HDB for Sale in 862 Tampines Street 83

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 60 years, has been estimated at $644,684 (equating to $491 PSF). This valuation notably registers as 21% above the baseline market value, indicating a premium position within the local real estate landscape. Such a significant deviation from the baseline signals the potential for heightened buyer interest, possibly driven by factors such as location desirability, proximity to amenities, and overall market sentiment in the region.

However, it is essential to approach this valuation with caution, as the model confidence is rated as low. This is primarily due to the limited data set, which is based on only two recent HDB resale transactions within the vicinity. The lack of robust transactional data may affect the reliability of the valuation, suggesting that potential investors should conduct thorough due diligence. In the context of Singapore's evolving property market, particularly in established neighborhoods like Tampines, understanding the dynamics of lease duration and market demand will be critical for making informed investment decisions.