Common Room (HDB) for Rent in 240 Tampines Street 21

The valuation of the HDB 4-room property in Tampines, with a remaining lease of 56 years, stands at an estimated value of $120,292, translating to a price per square foot (PSF) of $547. This valuation is particularly noteworthy as it reflects a market price that is consistent with the baseline, indicating a stable market condition devoid of significant fluctuations. The strong model confidence rating of 'High' further reinforces the reliability of this valuation, underscored by a robust analysis of 500 recent HDB resale transactions within the vicinity.

In the context of the current real estate landscape, this property presents a compelling opportunity for potential buyers, particularly those looking for a long-term investment in a well-established estate like Tampines. The remaining lease of 56 years is a pivotal aspect, as it positions the property within an acceptable range for both owner-occupiers and investors. As the market continues to exhibit resilience, this valuation signals a balanced demand and supply dynamic, ensuring that the property remains competitively priced while offering potential for future appreciation in value.