5-Room HDB for Room Rent: 618B Tampines Street 61

This report provides a comprehensive analysis of the valuation for a 5-room HDB unit located in the vibrant neighborhood of Tampines, with a remaining lease of 94 years. The estimated market value of this property is pegged at $77,350, translating to a price per square foot (PSF) of $774. This valuation reflects a stable market condition, as indicated by a 0% difference from the baseline price, suggesting that the property is accurately priced in alignment with current market dynamics.

The model confidence for this valuation is rated as high, supported by an extensive dataset comprising 143 recent HDB resale transactions in the vicinity. This robust analytical framework underscores the resilience of the HDB market in Tampines, characterized by a steady demand for spacious units amidst rising urbanization. With the remaining lease of 94 years, this property offers potential buyers a long-term investment opportunity, catering to both owner-occupiers and investors alike. The Tampines district continues to thrive, bolstered by its strategic location and comprehensive amenities, reinforcing the desirability of HDB living in this well-established community.