Common Room (HDB) for Rent in 461 Tampines Street 44

The valuation of the HDB 2 Room unit in Tampines, with a remaining lease of 58 years, stands at an estimated value of $82,873, translating to a price per square foot (PSF) of $691. This valuation reflects a market price that is in perfect alignment with the baseline, indicating a stable demand environment for properties in this area. Given the high confidence level of the model used, this assessment is bolstered by comprehensive analysis derived from 54 recent resale transactions within the vicinity, ensuring that the valuation is not only reflective of current market conditions but also robustly supported by empirical data.

The remaining lease of 58 years plays a pivotal role in the valuation dynamics of HDB properties, particularly in a mature estate like Tampines. As lease durations diminish, potential buyers may exhibit varying levels of interest, often prioritizing the longevity of tenure. However, the current valuation suggests that despite the shorter lease, the property remains competitively priced within the market, likely due to the overall desirability of the Tampines location, which is well-regarded for its amenities and connectivity. As such, this HDB unit represents a compelling opportunity for both first-time buyers and investors seeking stable returns in a mature estate.