4 Room (4A) HDB for Sale in 240 Tampines Street 21

The valuation of the 4-room HDB property in Tampines, with a remaining lease of 56 years, is estimated at $540,941, translating to a price per square foot of $483. This valuation stands significantly above the market baseline, reflecting a 34.9% premium compared to typical prices in the area. Such a substantial deviation indicates strong demand dynamics for HDB properties in this region, underscoring Tampines’ appeal as a vibrant residential hub, characterized by its strategic connectivity and proximity to essential amenities.

The model confidence in this valuation is rated as high, supported by a robust dataset of 123 recent HDB resale transactions in the vicinity. This level of confidence suggests a well-informed pricing strategy that accounts for current market trends and buyer sentiment. The remaining lease of 56 years is a critical factor, as properties with longer leases traditionally command higher valuations, attracting both owner-occupiers and investors keen on the long-term appreciation potential within this desirable locale. As the market evolves, it will be essential to monitor how these factors influence future transactions and valuations in Tampines.