4-Room HDB for Room Rent: 505 Tampines Central 1

The HDB 4-room property located in the vibrant district of Tampines showcases a compelling valuation of $66,480, translating to a price per square foot (PSF) of $554. With a remaining lease of 62 years, this unit not only reflects the robust demand for HDB flats in the area but also underscores the importance of lease tenure in property valuation. This valuation is particularly noteworthy as it maintains a 0% difference from the market baseline, indicating a stable pricing environment within this segment of the market.

Our analysis is grounded in data derived from 115 recent HDB resale transactions in the vicinity, providing a strong confidence level in the model employed, rated as High. The consistency of this valuation highlights the resilience of the Tampines property market, which remains attractive to both owner-occupiers and investors alike. The area’s strategic location, coupled with its amenities and community facilities, continues to bolster its desirability, making this HDB unit a noteworthy contender in the current marketplace.