4-Room HDB for Room Rent: 243 Simei Street 5

The valuation of the 4-room HDB property in Tampines, with a remaining lease of 68 years, stands at an estimated value of $169,440, translating to a price per square foot (PSF) of $678. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting stability in the pricing dynamics within the vicinity. Such a positioning within the market underscores the resilience of Tampines as a sought-after residential area, despite the relatively low model confidence due to the limited data, sourced from only one recent HDB resale transaction nearby.

While the remaining lease of 68 years is a positive aspect, it is essential to consider the implications of leasehold tenure on long-term investment potential. Properties in Singapore, particularly HDBs, often experience fluctuating demand based on their lease duration. As the lease period diminishes, potential buyers may exhibit caution, impacting future resale values. However, the current market stability observed in this valuation indicates a balanced supply-demand dynamic, which, if maintained, could provide a conducive environment for property appreciation in the longer term.