4-Room HDB for Room Rent: 641B Tampines Street 62

The valuation of the HDB 4 Room property in Tampines, with a remaining lease of 96 years, stands at an estimated value of $123,556, translating to a price per square foot (PSF) of $824. This value reflects a market signal that is in equilibrium, as indicated by a 0% difference from the baseline. The strong confidence level of this model, rated as high, is supported by a robust dataset comprising 134 recent HDB resale transactions in the vicinity, providing a comprehensive picture of the local market dynamics.

In the current economic landscape, the sustainability of the property’s value can be attributed to the substantial remaining lease, which is a significant factor for many buyers considering long-term investment in HDB properties. As leasehold properties often experience varying degrees of depreciation as the lease period shortens, the 96 years remaining on this HDB unit positions it favorably in the market. Furthermore, the stability in pricing, evidenced by the alignment with baseline metrics, suggests a balanced demand and supply scenario in the Tampines area, making it an attractive proposition for both first-time buyers and seasoned investors looking for reliable returns.