3 Room (3A) HDB for Sale in 209 Tampines Street 21

The valuation of the 3-room HDB property in Tampines, with a remaining lease of 54 years, stands at an estimated value of $404,288, translating to a price per square foot (PSF) of $476. This valuation indicates a significant premium, with the property priced above market expectations by 28.6%, suggesting a robust demand in the vicinity despite the shorter lease term. Such a price point reflects the desirability of the Tampines area, which is known for its strategic location, accessibility, and comprehensive amenities, making it a sought-after choice for families and young professionals alike.

With a high model confidence level derived from an analysis of 170 recent HDB resale transactions, this valuation is underpinned by strong market dynamics. The elevated price indicates a competitive landscape where buyers are willing to pay a premium for properties that offer not just a residence but a lifestyle. The remaining lease of 54 years presents potential considerations for future buyers; however, the current market signals suggest that the appeal of this property may outweigh concerns regarding lease duration, particularly in a thriving district like Tampines.