3 Room (3A) HDB for Rent in 237 Tampines Street 21

The valuation of the HDB 3-room property located in Tampines, with a remaining lease of 57 years, stands at an estimated value of $434,340, translating to a price per square foot (PSF) of $553. The property reflects a market price that is currently aligned with baseline expectations, indicating a 0% difference. This stability suggests a balanced demand and supply scenario within the region, particularly considering the recent fluctuations in the HDB resale market.

However, it is noteworthy that the model confidence for this valuation is categorized as low, primarily due to the limited dataset derived from only two recent HDB resale transactions in the vicinity. This constraint may affect the robustness of the valuation, as a broader range of transactions typically provides a more reliable market insight. Potential buyers and investors should consider the implications of the remaining lease period, as properties with shorter leases often experience varying levels of demand, particularly within a market that is increasingly sensitive to long-term investment viability.