4 Room (4A) HDB for Rent in 490A Tampines Street 45

The valuation of the HDB 4-room property in Tampines, with a remaining lease of 66 years, stands at an estimated value of $614,265, translating to a price per square foot of $540. This figure is particularly significant as it represents a market price with a 0% difference from the baseline, indicating a stable valuation that reflects current market conditions. The high confidence level in this model suggests a robust analytical framework, bolstered by recent data drawn from 54 HDB resale transactions in the vicinity.

In analyzing the market dynamics, it is crucial to note that the remaining lease of 66 years positions this property favorably within the HDB landscape, as it offers prospective buyers a reasonable term of ownership that aligns with typical buyer preferences for leasehold properties. The current valuation points to a strong demand for properties in the Tampines region, likely driven by its strategic location, accessibility, and community amenities. As the market stabilizes, this valuation serves as a benchmark for both buyers and investors, highlighting the resilience of HDB properties amidst fluctuating real estate conditions.