3 Room (3S) HDB for Sale in 831 Tampines Street 83

The valuation for the 3-room HDB unit in Tampines, standing at an estimated value of $382,774 (equating to $556 per square foot), is noteworthy within the current market landscape. With a remaining lease of 58 years, this property is positioned in a segment that is becoming increasingly scarce as aging leases become more prevalent across Singapore’s HDB landscape. This particular valuation reflects a significant premium, registering at 17.6% above the baseline market value, indicating a robust demand within this locality.

However, it is essential to approach this valuation with caution, as the confidence in the model is rated low, primarily due to the limited dataset of only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales can often lead to inflated valuations that may not accurately reflect the broader market dynamics. Potential buyers and investors should consider the implications of the remaining lease period and the inherent risks associated with HDB properties in this lease bracket, as they navigate the evolving landscape of Singapore's real estate market.