5 Room (5STD) HDB for Rent in 164 Simei Road

This valuation report provides a comprehensive analysis of a 5-room HDB flat located in the desirable Tampines area, with a remaining lease of 61 years. The estimated market value is pegged at $603,621, translating to $503 per square foot. This assessment reflects a stable market signal, with a notable 0% difference from the baseline, indicating that this property is competitively priced within its market segment.

The model confidence for this valuation is classified as high, bolstered by an extensive dataset comprising 122 recent HDB resale transactions in the vicinity. This robust analysis highlights the resilience of the HDB market in Tampines, characterized by a consistent demand for 5-room flats amidst a backdrop of evolving socio-economic conditions. The remaining lease of 61 years is a critical factor, as it positions the property favorably against various buyer demographics, including young families and investors seeking long-term value. As such, this property stands as a prime example of the current market dynamics, demonstrating both stability and potential for future appreciation.