Common Room (HDB) for Rent in 264 Tampines Street 21

The valuation of the HDB 2 Room property in Tampines, with a remaining lease of 75 years, has been estimated at $84,475, equating to a price per square foot (PSF) of $845. This assessment reflects a stable market signal, with no deviation from the baseline price, indicating that the property is well-aligned with current market conditions. Such stability suggests a continuous demand for HDB properties in this area, which is often attributed to the strategic location and the well-established amenities that Tampines offers.

Our analysis, grounded in a robust dataset of 26 recent HDB resale transactions in the vicinity, allows us to assert a high level of confidence in this valuation. The consistent pricing signals that potential buyers are valuing the remaining lease period favorably, recognizing the long-term investment potential of properties in this region. As urban development continues to evolve, Tampines remains a focal point of interest, further enhancing the desirability of HDB units. This dynamic is crucial for stakeholders to understand, as it underscores the importance of location and lease duration in influencing property value in the Singaporean real estate market.