5 Room (5I) HDB for Sale in 232 Tampines Street 21

The valuation of the HDB 5 Room property located in Tampines, with a remaining lease of 57 years, stands at an estimated value of $645,235, translating to a price per square foot (PSF) of $487. This valuation is notably above the market baseline, reflecting a significant premium of 25.5%. Such a discrepancy suggests that the property commands a strong position within the local real estate landscape, likely driven by factors such as location desirability, accessibility to amenities, and demographic trends favoring the Tampines area.

However, it is essential to approach this valuation with caution, as the model confidence is rated low. This indicates a degree of uncertainty in the underlying data, primarily derived from only three recent HDB resale transactions in the vicinity. While these transactions provide a snapshot of the market activity, the limited sample size may not fully capture the dynamic fluctuations and nuanced trends affecting HDB prices in this region. As the remaining lease of 57 years can also influence buyer sentiment and financing options, prospective investors should consider both the current market conditions and future lease expiry implications when evaluating this property.