4-Room HDB for Room Rent: 487C Tampines Street 45

The valuation of the HDB 4-room unit located in Tampines, with a remaining lease of 62 years, stands at an estimated value of $142,317, translating to a price per square foot (PSF) of $474. This valuation reflects a market price that is consistent with the baseline, indicating stability in the current market dynamics for HDB properties in this region. The absence of any significant deviation from the baseline suggests a balanced demand and supply scenario, which is often indicative of a mature and well-established housing market.

However, it is important to note that the model confidence for this valuation is categorized as low. This is primarily due to the reliance on only one recent HDB resale transaction in the vicinity, which may not provide a comprehensive view of the market trends. Given the limited transactional data, potential buyers and sellers should exercise caution and consider the implications of the remaining lease period as it plays a crucial role in influencing the property's long-term value. The leasehold nature of HDB properties, particularly with 62 years remaining, may also affect buyer sentiment and investment decisions moving forward.