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

The valuation of the HDB 3 Room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $420,359, equating to a price per square foot (PSF) of $500. This figure reflects a significant market signal, indicating that the property is priced above the market baseline by 18.9%. Such a premium suggests that the unit not only holds strong intrinsic value but also benefits from the desirability of the Tampines area, which is known for its vibrant community amenities and accessibility.

The model confidence for this valuation is classified as high, supported by a robust dataset of 297 recent HDB resale transactions within the vicinity. This analytical foundation underscores the resilience of the HDB market, particularly in sought-after locations like Tampines, where demand continues to outpace supply. As the remaining lease diminishes, potential buyers are likely to weigh the trade-off between lease duration and the unit's attractive pricing, emphasizing the importance of local market dynamics in determining property value.