3 Room (3A) HDB for Sale in 207 Tampines Street 21

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 54 years, stands at an estimated value of $420,475, translating to a price per square foot (PSF) of $521. This valuation is notably above the market baseline, reflecting a substantial 21.3% premium compared to similar properties in the vicinity. Such a significant deviation from the baseline indicates strong demand and buyer interest in this particular segment of the HDB market, suggesting that the property is not only well-positioned but also highly sought after.

The model confidence for this valuation is classified as high, supported by a robust dataset comprising 491 recent HDB resale transactions in the area. This extensive analysis underscores the resilience of the HDB market in Tampines, a region characterized by its strategic location, comprehensive amenities, and a vibrant community. As leasehold properties in Singapore continue to experience fluctuations in value, the remaining lease of 54 years in this instance is crucial, as it offers potential buyers a considerable duration of occupancy while balancing the investment risk associated with shorter lease tenures. Overall, the premium valuation reflects a confluence of market dynamics, including localized demand and the attractive living conditions that Tampines offers to residents.