4-Room HDB for Room Rent: 155 Simei Road

The valuation of the HDB 4-room property located in Tampines, with a remaining lease of 61 years, indicates a current estimated value of $49,626, translating to a price per square foot (PSF) of $496. This valuation reflects a market price that is in equilibrium, with a 0% difference from the baseline, suggesting that the property is neither overvalued nor undervalued based on current market conditions.

However, it is essential to note that the model confidence for this valuation is classified as low, primarily due to the limited data set available, with only one recent HDB resale transaction in the vicinity serving as the basis for this estimate. The constrained number of comparable sales may not adequately capture the nuances of local market dynamics, particularly given the significant implications of the remaining lease duration on buyer sentiment and investment decisions. The remaining lease of 61 years could be a critical factor for potential buyers, as it may influence their perception of long-term value appreciation and resale potential.