3 Room (3A) HDB for Rent in 205 Tampines Street 21

The valuation of the HDB 3 Room property in Tampines, with a remaining lease of 55 years, stands at an estimated value of $407,828, translating to a price per square foot (PSF) of $480. This valuation indicates a market price that is consistent with the baseline, exhibiting a 0% difference, which suggests stability in demand and pricing within the local HDB market. The analysis is based on three recent resale transactions in the vicinity, providing a contextual understanding of the current market dynamics.

However, it is essential to note that the model confidence of this valuation is categorized as low. This may reflect fluctuations in buyer sentiment and economic factors that could influence the HDB market in the near future. The 55-year remaining lease is a critical factor, as properties with shorter leases may often experience diminishing buyer interest over time, potentially impacting future resale values. Investors and homeowners should remain vigilant to market signals and trends, especially in a vibrant area like Tampines, known for its accessibility and amenities.