5 Room (5I) HDB for Sale in 102 Simei Street 1

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 61 years, indicates a compelling market position, reflecting an estimated value of $682,583 or $520 per square foot. This valuation is notably above the market baseline, showcasing a 22.9% premium compared to the average prices in the vicinity. Such a significant deviation from the baseline is indicative of strong demand dynamics within the Tampines precinct, which is characterized by its strategic location, comprehensive amenities, and established community infrastructure.

Our analysis is grounded in a robust dataset comprising 125 recent HDB resale transactions within the area, enhancing the reliability of our valuation model, which exhibits high confidence. The sustained interest in larger HDB units, particularly in well-connected districts like Tampines, is reflective of broader market trends where buyers prioritize space and accessibility. With a remaining lease of 61 years, this property offers both immediate occupancy potential and long-term investment appeal, making it an attractive option for families and investors alike.