5-Room HDB for Room Rent: 254 Simei Street 1

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 68 years, stands at an estimated value of $89,638, translating to a price per square foot (PSF) of $598. This valuation reflects the current market dynamics in the area, as it indicates a market price that shows no variance from the baseline, highlighting a stable demand for properties within the vicinity. This consistency in pricing is a positive signal, suggesting that the property remains competitive and desirable among potential buyers.

Analysis of 159 recent HDB resale transactions in the Tampines region indicates a strong market sentiment, with a high model confidence level in the valuation derived from comprehensive data. The remaining lease of 68 years is a critical factor, as it provides a buffer against depreciation concerns typically associated with shorter leasehold properties. This durability in lease length, combined with the area's established reputation and amenities, positions the HDB unit favorably in the eyes of investors and homebuyers alike, reinforcing its intrinsic value within the Singapore housing market.