4 Room (4A) HDB for Sale in 861A Tampines Avenue 5

The valuation of this 4-room HDB unit located in the vibrant district of Tampines, with a remaining lease of 60 years, stands at an estimated value of $629,229, translating to $562 per square foot (PSF). This valuation places the property above the market baseline by 5.7%, indicating a potential premium that may be reflective of unique market dynamics or specific attributes of the property itself. Such a premium often suggests a desirable location or the potential for future development, which can enhance the investment appeal of this property.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the limited dataset from which this valuation is derived, with only one recent HDB resale transaction in the vicinity informing this estimate. This lack of robust transaction data may introduce variability in the valuation, necessitating a cautious approach for potential buyers or investors. As the real estate market in Singapore continues to evolve, particularly in areas with significant infrastructural developments like Tampines, understanding the implications of lease duration and market trends will be paramount for making informed investment decisions.