4 Room (4A) HDB for Sale in 244 Tampines Street 21

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $572,183, translating to a price per square foot (PSF) of $511. This valuation reflects a significant market signal, indicating that the property is priced above the market baseline by 20.2%. Such a premium suggests that the property may possess unique attributes or appeal that justify the elevated price point, especially in a region like Tampines that is well-regarded for its robust amenities and connectivity.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the limited data pool derived from only two recent HDB resale transactions in the vicinity. This lack of comprehensive transactional data may introduce volatility in the valuation, underscoring the need for potential buyers to conduct thorough due diligence. The dynamics of the HDB market, particularly in a mature estate such as Tampines, highlight the importance of lease tenure in influencing property value, where the remaining lease may impact long-term investment considerations for prospective homeowners.