5 Room (5I) HDB for Rent in 102 Simei Street 1

The valuation of the 5-room HDB unit located in the highly sought-after Tampines area reveals an estimated market value of $778,403, translating to a price per square foot (PSF) of $593. This valuation reflects a market price that shows a 0% difference from the baseline, indicating a stable market condition without significant fluctuation in property values. The confidence in this model is rated as high, supported by a robust dataset of 500 recent HDB resale transactions in the vicinity, which provides a comprehensive understanding of the local market dynamics.

The remaining lease of 61 years is a critical factor in the valuation of this property, particularly in Singapore's context where leasehold properties are prevalent. Properties with a remaining lease of over 60 years typically retain a desirable market standing, appealing to both owner-occupiers and investors. The resilience shown in the pricing suggests a balanced demand and supply scenario, further solidifying Tampines' reputation as a prime residential locale. As a result, this HDB unit not only represents a significant investment but also encapsulates the ongoing vibrancy of the Singaporean housing market.