3 Room (3A) HDB for Sale in 109 Tampines Street 11

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $386,231, translating to a price per square foot (PSF) of $485. This valuation reflects a significant premium, positioned 24.2% above the market baseline. Such a discrepancy indicates robust demand dynamics in the Tampines area, which is typically characterized by its accessibility, comprehensive amenities, and a strong community infrastructure that continues to attract buyers despite the diminishing lease term.

However, it is crucial to note that the model confidence in this valuation is categorized as low, suggesting a degree of uncertainty in aligning this estimate with market realities. This valuation is derived from only three recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market trends or fluctuations. Given the remaining lease of 56 years, potential buyers should consider the implications of lease decay on future resale value, particularly in a market that increasingly favors properties with longer lease tenures.