3 Room (3A) HDB for Sale in 284 Tampines Street 22

The subject property, a 3-room HDB located in the vibrant precinct of Tampines, boasts a remaining lease of 56 years, positioning it within a desirable segment of the market. With an estimated value of $420,359 and a price per square foot (PSF) of $500, this valuation reflects a robust demand for HDB units in the area. The calculated market signal indicates that this property is priced approximately 18.9% above the market baseline, suggesting a premium positioning that can be attributed to its strategic location, accessibility, and the overall attractiveness of the Tampines estate.

The high model confidence derived from a comprehensive analysis of 297 recent HDB resale transactions in the vicinity underscores the reliability of this valuation. Tampines, being one of Singapore's mature estates, offers a myriad of amenities, including shopping malls, schools, and parks, which enhances its desirability among potential buyers. This premium valuation, coupled with a lingering lease period, reflects not only the current market dynamics but also a forward-looking perspective on the value retention and appreciation potential of HDB properties in this thriving neighborhood.