5 Room (5I) HDB for Rent in 256 Tampines Street 21

The valuation of the HDB 5 Room unit in Tampines, with a remaining lease of 56 years, has been estimated at $610,884, translating to a price per square foot (PSF) of $469. This valuation reflects a market price that is consistent with the baseline, indicating stability within this segment of the HDB market. However, it is essential to approach this valuation with caution as the model confidence is rated as low, primarily due to the limited data set, with only one recent HDB resale transaction available in the vicinity to inform this estimate.

As the HDB market in Singapore is influenced by various factors including lease duration and surrounding amenities, the 56-year remaining lease on this property is a critical consideration for potential buyers. Properties with shorter remaining leases may experience a depreciation in value, while those with longer leases generally retain their appeal in the eyes of prospective homeowners. Given the current market dynamics and the flat price movement, this particular unit may represent a niche opportunity for buyers who prioritize location over lease length, provided they are aware of the potential implications of a diminishing lease term in the future.