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

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 61 years, stands at an estimated value of $607,715, translating to a price per square foot (PSF) of $506. This valuation positions the property at a market price that demonstrates a 0% difference from the baseline, indicating a stable and competitive pricing environment within the Tampines precinct. The model confidence for this assessment is categorized as high, underscoring the robustness of the data derived from 126 recent HDB resale transactions in the vicinity, which collectively provide a solid foundation for market comparisons.

Tampines has consistently emerged as a sought-after location due to its comprehensive amenities, excellent transport links, and vibrant community atmosphere. The remaining lease of 61 years is a critical factor influencing both buyer sentiment and long-term investment potential. As the local market dynamics evolve, prospective buyers and investors should consider not only the current valuation but also the implications of lease longevity on future resale opportunities. With the stability reflected in this valuation, the property represents a compelling option for those looking to secure a foothold in one of Singapore's dynamic residential markets.