Common Room (HDB) for Rent in 228 Simei Street 4

The valuation of this HDB 2 Room unit in Tampines, with a remaining lease of 60 years, reflects a well-calibrated assessment at an estimated value of $106,481, equating to $710 per square foot. This valuation positions the property at a pivotal juncture within the current market landscape, where the estimated value shows no deviation from the baseline market price. Such stability indicates a balanced supply-demand dynamic in the region, underscoring the unit's attractiveness to potential buyers looking for affordability coupled with strategic location advantages.

Notably, the high model confidence derived from 26 recent HDB resale transactions in the vicinity further reinforces the reliability of this valuation. The resilience of the Tampines market, characterized by its robust community amenities and infrastructure, continues to drive interest in HDB properties. As the remaining lease stands at a respectable 60 years, it provides buyers with a secure investment timeframe, appealing to both first-time homeowners and investors alike. This valuation not only captures current market sentiments but also reflects the underlying fundamentals that influence the HDB resale landscape in Singapore.