5 Room (5I) HDB for Sale in 870 Tampines Street 83

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 62 years, stands at an estimated value of $746,441, translating to a price per square foot of $573. This valuation reflects a nuanced understanding of the current market dynamics, particularly as it registers a modest 2.6% variance from the baseline market price. Such a differential indicates a stable demand in the region, underpinned by strong transactional activity, as evidenced by the analysis of 500 recent HDB resale transactions in the vicinity.

With a remaining lease of over six decades, this property is strategically positioned to appeal to both first-time buyers and investors seeking long-term capital appreciation. The high model confidence suggests that the valuation is robust and well-supported by empirical data, reinforcing the attractiveness of this asset within the vibrant Tampines estate. This area continues to benefit from infrastructural developments and community amenities, which are pivotal in sustaining property values and enhancing the overall living experience for residents.