5-Room HDB for Room Rent: 257 Tampines Street 21

This valuation report presents an analytical overview of a 5-room HDB property located in the vibrant area of Tampines, characterized by its remaining lease of 56 years. The estimated value stands at $432,295, translating to an indicative price per square foot (PSF) of $432. This pricing reflects the current market equilibrium, as evidenced by a market price showing a 0% difference from the baseline, indicating that the property is positioned within the expected range of similar units in the locality.

However, it is imperative to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, with only one recent HDB resale transaction available in the vicinity. This scarcity of transactional data highlights the volatility and potential fluctuation in market dynamics, particularly given the substantial lease period remaining. Investors and potential buyers should consider the implications of the remaining lease on value appreciation and long-term investment security, especially in a landscape where demand and supply factors can significantly influence market behaviour.