4-Room HDB for Room Rent: 390 Tampines Avenue 7

The recent valuation of the HDB 4 room unit located in the highly sought-after region of Tampines, with a remaining lease of 66 years, reflects a calculated estimated value of $64,468 or $546 PSF. This valuation is derived from an extensive analysis of 48 recent HDB resale transactions in the vicinity, providing a robust dataset that enhances the reliability of the appraisal. The model confidence is rated as High, indicating a strong alignment with prevailing market conditions and historical pricing trends.

Notably, the market signal indicates a 0% difference from baseline, suggesting that the current valuation is in equilibrium with the market average for similar properties. This stability in pricing can be attributed to various factors, including the area's attractiveness, proximity to amenities, and the overall demand for HDB units in Tampines. As the remaining lease term stands at 66 years, potential buyers may perceive this as a favorable investment, given the relatively long lease duration that still allows for significant habitation and value appreciation potential. Overall, this valuation serves as a testament to the enduring appeal of HDB living in Singapore, particularly in well-established neighborhoods like Tampines.