5-Room HDB for Room Rent: 647A Tampines Street 62

The valuation of the 5-room HDB property in Tampines, with a remaining lease of 95 years, stands at an estimated value of $117,131, translating to a price per square foot (PSF) of $781. This valuation is particularly noteworthy given that it reflects a market price with a negligible deviation of 0% from the baseline, indicating a stable demand and supply equilibrium in the local real estate landscape. The high model confidence, derived from an analysis of 123 recent HDB resale transactions in the vicinity, further underscores the reliability of this valuation.

In the context of Singapore’s evolving property market, the longevity of the remaining lease plays a crucial role in maintaining the intrinsic value of HDB properties. With 95 years remaining, this unit not only appeals to long-term homeowners but also to potential investors looking for stable assets in a resilient market. The Tampines area, known for its robust infrastructure and community amenities, continues to attract strong interest, further enhancing the property’s desirability. As such, this valuation reflects not only the current market conditions but also the enduring appeal of well-located HDB units within Singapore's urban fabric.