5-Room HDB for Room Rent: 610C Tampines North Drive 1

The valuation of the HDB 5 Room unit in Tampines, with a remaining lease of 92 years, reflects a meticulous analysis of the current market dynamics. Priced at an estimated value of $75,391, equating to $754 per square foot, this property aligns closely with the baseline market price, indicating a 0% fluctuation. Such stability in pricing may suggest a balanced demand and supply equation in the vibrant Tampines area, a locality characterized by its robust amenities and community infrastructure.

Our valuation is derived from an extensive review of nine recent HDB resale transactions within the vicinity, reinforcing the credibility of this estimate. The medium confidence level indicates a reasonable degree of certainty in the valuation, although potential fluctuations in the market should be acknowledged. As the remaining lease period is a critical factor in HDB property valuations, the 92-year lease enhances the attractiveness of this unit to prospective buyers, who often seek properties with longer lease tenures for investment and habitation purposes. This dynamic underscores the importance of lease duration in the overall valuation and demand within the HDB market.