5 Room (5I) HDB for Sale in 498B Tampines Street 45

The valuation of the 5-room HDB unit in Tampines, with a remaining lease of 68 years, stands at an estimated value of $787,173, equating to a price per square foot of $581. This valuation reflects a significant market signal, indicating that the property is priced approximately 10.4% above the baseline market rate. Such a premium suggests strong demand and a healthy appreciation trend for HDB properties in this sought-after precinct, which is characterized by its comprehensive amenities and connectivity.

Our analysis is supported by a robust dataset comprising 159 recent HDB resale transactions in the vicinity, which lends a high degree of confidence to this valuation. The strong market performance can be attributed to several factors:

• Strategic Location: Tampines is a well-established estate with excellent transport links and proximity to essential services.
• Community Appeal: The area benefits from a vibrant community atmosphere, making it attractive to families and young professionals alike.
• Leasehold Dynamics: With 68 years remaining on the lease, this HDB unit presents a balance of long-term habitation potential while still appealing to buyers concerned about lease duration.

In conclusion, the above-market valuation of this HDB unit is indicative of a strong local real estate market, driven by both demand factors and the enduring appeal of the Tampines estate.