5 Room (5I) HDB for Sale in 230 Simei Street 4

The valuation of the HDB 5 Room property in Tampines, with a remaining lease of 75 years, has been estimated at $809,125, translating to a price per square foot (PSF) of $616. This valuation indicates a market price that is approximately 4.8% higher than the baseline, suggesting a positive sentiment towards HDB properties in this region, despite the low confidence level in the model due to the reliance on a single recent transaction in the vicinity. The limited data points necessitate caution in interpreting this valuation, as the market dynamics may not be fully captured.

Considering the remaining lease, buyers may be attracted to the relatively long tenure, which enhances the property’s appeal, particularly among families seeking stability and investment potential. However, the low model confidence signals that fluctuations in market conditions or emerging trends could significantly impact future valuations. It is essential for potential buyers and investors to remain vigilant and conduct further market analysis before making decisions, given the evolving landscape of the Singapore real estate market.