5 Room (5I) HDB for Sale in 488A Tampines Avenue 9

The valuation of the HDB 5-room property located in Tampines, with a remaining lease of 62 years, stands at an estimated value of $687,965, translating to a price per square foot of $528. This assessment reflects a market signal indicating that the property is priced approximately 9% above the established market baseline. Such a premium valuation suggests that the property may be positioned strategically within a competitive market, potentially benefiting from unique attributes or demand dynamics specific to the Tampines area.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily due to the reliance on a limited data set comprising only one recent HDB resale transaction within the vicinity. This lack of robust transactional data can result in volatility and uncertainty in market assessments. As the property maintains a significant remaining lease, prospective buyers may find intrinsic value in its longevity, yet they should remain cognizant of the fluctuating market conditions and the implications of lease duration on future resale potential.