4 Room (4S) HDB for Sale in 855 Tampines Street 83

This valuation report focuses on a 4-room HDB unit located in the vibrant neighborhood of Tampines, with a remaining lease of 59 years. The estimated value of the property stands at $489,942, translating to a price per square foot of $542. Notably, this valuation is positioned above the current market baseline by 11.9%, indicating a potential premium associated with the unit. Such a pricing strategy reflects the competitive demand for HDB homes in this region, which has consistently showcased strong buyer interest due to its strategic location and connectivity.

However, it is essential to consider the model confidence rating, which is classified as low. This rating suggests that the valuation is primarily based on a limited dataset, comprising only one recent HDB resale transaction in the vicinity. Consequently, while the above-market valuation can be indicative of positive market sentiment, it also underscores the importance of cautious interpretation given the sparse data points available. As the market dynamics continue to evolve, stakeholders should remain vigilant in monitoring broader economic indicators and local real estate trends that could impact future valuations in the Tampines area.