4 Room (4NG) HDB for Sale in 228 Tampines Street 23

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 57 years, stands at approximately $497,966, translating to a price per square foot (PSF) of $472. This estimated value is notably above the market baseline, reflecting a substantial 36.6% premium. Such a significant differential suggests that the property may be positioned as a desirable asset within the current market landscape, potentially influenced by factors such as location desirability, amenities, and community infrastructure.

However, it is important to note that the model confidence for this valuation is categorized as low, primarily derived from a limited dataset comprising only one recent HDB resale transaction in the vicinity. The reliance on a singular transaction may introduce volatility into the valuation process, indicating that market dynamics could shift as more data becomes available. Hence, while the elevated valuation may attract interest, potential buyers should remain cautious and consider broader market trends and the implications of the remaining lease when making informed decisions regarding this property.