4 Room (4A) HDB for Sale in 489C Tampines Street 45

The subject property, a 4-room HDB unit located in the vibrant neighborhood of Tampines, is currently valued at approximately $601,573, translating to a price per square foot (PSF) of $538. With a remaining lease of 62 years, this valuation places the property above the market baseline by 12.9%, indicating a strong demand in the area that is driving prices higher. Such a premium suggests that buyers are willing to invest significantly more than the average market rate, reflecting confidence in the future potential of the location.

This valuation is supported by an extensive analysis of 114 recent HDB resale transactions in the vicinity, which enhances the model's confidence level to high. The elevated valuation can be attributed to several market dynamics, including the strategic location of Tampines, which is well-connected and offers a plethora of amenities. As a result, the property appeals not only to first-time buyers but also to investors keen on securing assets in a region marked by continued growth and urban development.