5 Room (5I) HDB for Sale in 619B Tampines Street 61

The valuation of the HDB 5 Room property in Tampines, standing at an estimated value of $997,228 (equating to $820 PSF), presents a nuanced perspective on the current real estate climate within this vibrant district. With a remaining lease of 94 years, the longevity of this lease term is a significant factor that bolsters its appeal to potential buyers, particularly families seeking stability and long-term residency. The HDB market in Singapore has historically shown resilience, and properties with substantial remaining leases are often viewed as more desirable, mitigating concerns associated with lease decay.

However, the market signal indicates a 0.9% difference from the baseline, suggesting a slight overvaluation compared to recent trends. This modest disparity should be viewed in the context of the model confidence, which is classified as low, reflecting the limited data pool with only one recent HDB resale transaction in the vicinity to draw upon for comparative analysis. Such a low transaction volume raises caution regarding the reliability of the valuation, indicating potential volatility in buyer sentiment and market conditions. Stakeholders should thus approach this valuation with careful consideration of broader market dynamics and local economic factors that could influence future pricing trajectories.