128 Simei Street 1

The valuation of the 2-room HDB unit in Tampines, with a remaining lease of 60 years, stands at an estimated value of $177,469, translating to a price per square foot (PSF) of $710. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this sought-after precinct. The analysis is supported by a robust dataset, drawing insights from 26 recent resale transactions in the vicinity, which demonstrates a high level of confidence in the model's accuracy.

Tampines has consistently been a desirable location for HDB living, attributed to its well-developed infrastructure and amenities. The remaining lease of 60 years is noteworthy, as it is a critical factor influencing buyer sentiment and the long-term investment potential of the property. Given the current market dynamics, where HDB prices have shown resilience and stability, this unit presents a compelling opportunity for both first-time buyers and investors looking to capitalize on the enduring appeal of the Tampines area.