3 Room (3A) HDB for Rent in 138 Tampines Street 11

The valuation of the HDB 3 Room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $396,871, translating to a price per square foot (PSF) of $485. This valuation reflects a market price that shows a 0% difference from the baseline, indicating a current equilibrium in pricing amidst a competitive landscape. The stability in valuation can be attributed to the limited recent transactional data, with only one comparable resale transaction influencing this estimate. Such a singular data point contributes to a model confidence rating classified as low, underscoring the necessity for caution when interpreting these figures.

The dynamics of the HDB market in Tampines reveal a complex interplay of factors, including the remaining lease period, which is a critical determinant of property value. As the remaining lease diminishes, potential buyers may exhibit hesitance, leading to a more conservative valuation approach. Buyers are increasingly discerning, weighing the long-term implications of leasehold properties. In a market characterized by fluctuating demand and limited supply, understanding these nuances becomes essential for both buyers and investors seeking to navigate the HDB landscape effectively.