3 Room HDB for Sale in 285 Tampines Street 22

The current valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $385,663, translating to $485 per square foot (PSF). This valuation indicates a substantial market signal, positioning the property at a remarkable 20.6% above the established baseline. Such a premium suggests that this unit is highly sought-after, likely due to its strategic location and the overall desirability of the Tampines estate.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily due to the limited data set, with only two recent HDB resale transactions in the vicinity serving as benchmarks. This scarcity of comparable sales can introduce volatility into the valuation process, necessitating further scrutiny of the local property dynamics and market trends. As the landscape of HDB resale properties evolves, potential buyers and investors must remain vigilant about lease durations, as units with shorter leases may face depreciation risks, whereas those with ample remaining lease tend to retain value more effectively.