3-Room HDB for Room Rent: 251 Tampines Street 21

The valuation of the 3-room HDB unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $77,272, translating to a price per square foot (PSF) of $515. This valuation reflects a stable market price, showing a 0% difference from the baseline, indicating that the property is currently priced at market equilibrium. Such stability suggests that buyer sentiment in the area is consistent with the property's valuation, reinforcing the notion of a balanced supply and demand dynamic.

Our analysis is supported by data from 297 recent HDB resale transactions in the vicinity, highlighting a robust and active market for HDB properties in Tampines. The high model confidence level associated with this valuation underscores the reliability of the data and the accuracy of the market indicators. With a remaining lease of 56 years, this property is positioned to appeal to both first-time buyers and long-term investors looking for solid entry points in Singapore's real estate landscape. The inherent value of leasehold properties in Singapore continues to be a critical element in assessing market trends and future potential, making this valuation particularly significant for stakeholders in the region.