5 Room (5I) HDB for Sale in 122 Simei Street 1

The valuation of the HDB 5 Room property located in Tampines, with a remaining lease of 60 years, stands at an estimated value of $676,195, translating to a price per square foot (PSF) of $511. This valuation indicates a market signal that is above the baseline, reflecting a significant 6.5% premium over prevailing market conditions. Such a discrepancy suggests robust demand dynamics within the Tampines locale, driven by both the area's accessibility and its well-developed infrastructure.

Our model confidence in this valuation is classified as high, bolstered by an analysis of 147 recent HDB resale transactions in the vicinity. This comprehensive dataset underscores the resilience of property values in this region, which has historically demonstrated stability amidst shifting market trends. Furthermore, the remaining lease period of 60 years positions this property favorably, allowing potential buyers to capitalize on the growing desirability of Tampines, known for its vibrant community amenities and strategic urban planning initiatives.