3 Room (3I) HDB for Sale in 412 Tampines Street 41

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $347,157, translating to a price per square foot (PSF) of $537. This valuation is notably positioned above the market, reflecting a substantial 34.8% premium when compared to the baseline pricing in the area. Such a significant deviation indicates heightened demand or unique attributes associated with this specific property, which may be driving buyer interest beyond typical market expectations.

However, it is crucial to note that the model confidence for this valuation is categorized as low, suggesting that the data supporting this estimate is limited and potentially influenced by a small sample size of only five recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the dynamic market conditions or the specific characteristics of the property in question. As the remaining lease diminishes, potential buyers should consider the implications of leasehold duration on future value appreciation and market desirability, particularly in a competitive and evolving landscape like Tampines.