Common Room (HDB) for Rent in 157 Simei Road

The valuation of the HDB 2 Room property in Tampines, with a remaining lease of 61 years, stands at an estimated value of $86,605, translating to a price per square foot (PSF) of $722. This valuation reflects a stability in the local market dynamics, as the current market price indicates a 0% difference from the baseline, suggesting that the property is priced accurately in relation to comparable transactions within the vicinity.

Our analysis is grounded in a robust dataset, incorporating insights from 26 recent HDB resale transactions in the area. This substantial sample size enhances the model confidence, which is rated as high, affirming the reliability of the valuation. The property’s remaining lease of 61 years is a crucial factor for potential buyers, as it presents a balance between usable tenure and investment potential, particularly in a well-established neighborhood such as Tampines. As market conditions evolve, this valuation serves as a pivotal reference point for informed decision-making in the HDB sector.