3 Room (3NG) HDB for Rent in 877 Tampines Street 84

The subject HDB 3-room property located in Tampines, with a remaining lease of 59 years, presents an estimated value of $395,093, translating to a price per square foot (PSF) of $538. This valuation reflects a stable market position, with no deviation from the baseline market price, indicating a balanced equilibrium in current demand and supply dynamics. The property’s pricing is particularly noteworthy given the proximity to essential amenities and transport links that characterize this well-established district.

However, it is crucial to highlight the model confidence level, rated as low, due to reliance on a limited dataset comprising only one recent HDB resale transaction in the area. This lack of comprehensive market data may suggest potential fluctuations in value, influenced by broader economic indicators or shifts in buyer sentiment. Investors and homeowners should consider the implications of the remaining lease period, as properties with shorter leases may face increased scrutiny from potential buyers, impacting long-term investment viability. Overall, while the current valuation appears stable, market participants should remain vigilant to external economic factors that may influence future valuation trends.