3 Room (3A) HDB for Sale in 283 Tampines Street 22

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $429,835, translating to $540 per square foot (PSF). This valuation is categorized as above market, reflecting a significant premium of 14% over the baseline. Such a disparity indicates robust demand in the region, which can be attributed to several key factors, including the area's strategic location, accessibility to public transport, and the presence of essential amenities that enhance the overall living experience.

Market dynamics in Tampines are bolstered by a comprehensive analysis of 491 recent HDB resale transactions in the vicinity, which lends a high level of confidence to the model used for this valuation. The sustained interest in HDB properties within this district underscores the competitive nature of the housing market, particularly for units with longer remaining leases. As buyers increasingly prioritize lease duration and location, this property exemplifies the growing trend of premium valuations for HDBs in vibrant, well-connected neighborhoods.