Common Room (HDB) for Rent in 226 Tampines Street 23

The valuation of the HDB 2 Room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $131,504, translating to a price per square foot (PSF) of $674. This valuation reflects a stable market condition, as indicated by the market price showing a 0% difference from the baseline. Such stability suggests that the property is well-positioned within the current economic landscape of the real estate sector in Singapore.

The model confidence in this valuation is categorized as high, supported by a robust analysis of 26 recent HDB resale transactions in the vicinity. This empirical foundation reinforces the reliability of the estimated value, taking into account the dynamics of supply and demand within the Tampines region. As the remaining lease of 57 years is significant, it is crucial for prospective buyers to consider the implications of leasehold properties in Singapore, particularly how they affect long-term investment potential and resale opportunities.