5 Room (5I) HDB for Rent in 856 Tampines Street 82

The valuation of the 5-room HDB property in Tampines, with a remaining lease of 59 years, has been assessed at an estimated value of $615,712, translating to a price per square foot of $469. This pricing reflects the current market conditions, showing a 0% difference from the baseline market price. Such a valuation indicates a stable market sentiment, as there is no significant deviation from recent comparable sales in the vicinity, suggesting a balanced demand and supply scenario for HDB properties in this area.

However, it is important to note that the model confidence for this valuation is categorized as low, indicating potential uncertainty in the accuracy of this estimate. The valuation is based on only three recent HDB resale transactions, which may not be sufficiently representative of broader market trends. As the remaining lease holds substantial weight in the valuation process, potential buyers and investors should consider the implications of the 59-year lease in relation to future resale opportunities and the overall market dynamics in Tampines.