5-Room HDB for Room Rent: 618B Tampines Street 61

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 94 years, stands at an estimated value of $92,959, translating to a price per square foot (PSF) of $775. This valuation reflects a critical assessment grounded in robust market data, with the price indicating a 0% difference from the established baseline. Such stability in pricing suggests a strong equilibrium in the market, driven by consistent demand and supply dynamics in this sought-after residential area.

Our analysis is supported by a comprehensive dataset comprising 144 recent HDB resale transactions in the vicinity, which reinforces the model confidence categorized as high. The Tampines estate is known for its strategic location and accessibility, making it a prime choice for families and professionals alike. As the market continues to mature, the remaining lease of 94 years adds a layer of long-term value, enhancing the attractiveness of this property as an investment opportunity.