3 Room (3A) HDB for Sale in 104 Tampines Street 11

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 55 years, stands at an estimated value of $356,985 or $461 PSF. This assessment indicates a significant market signal, as the valuation is approximately 40.1% above the baseline, suggesting a robust demand for properties in this vibrant precinct. The elevated valuation is indicative of a buoyant local market, driven by various socio-economic factors that continue to bolster buyer interest in the area.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily due to the limited dataset, which is based on only two recent HDB resale transactions in the vicinity. These transactions, while informative, may not fully encapsulate the broader market dynamics at play. The disparity in valuation relative to the baseline further highlights the competitive landscape in Tampines, where potential buyers are drawn to the area's amenities and connectivity, despite the property’s remaining lease. Investors and homeowners alike should exercise caution, thoroughly considering both the lease duration and market trends before making decisions in this segment of the HDB market.