3 Room (3A) HDB for Sale in 494G Tampines Street 45

This valuation report focuses on a 3-room HDB unit located in the vibrant district of Tampines, which boasts a remaining lease of 91 years. The estimated value of this property stands at $595,321, translating to a price per square foot (PSF) of $826. This valuation indicates a market price that is only 2.6% lower than the baseline, suggesting a relatively stable demand for HDB properties in this area amidst the current market dynamics.

Despite the promising valuation, the model confidence is categorized as low, indicating potential volatility or uncertainty in the market's response to the property. The valuation is supported by an analysis of three recent HDB resale transactions within the vicinity, which serve as crucial comparables. This data underlines the significance of local demand trends, demographic shifts, and the overall economic landscape in shaping property values. The remaining lease of 91 years also plays a pivotal role in maintaining the desirability of the unit, as it assures prospective buyers of long-term tenure, thereby enhancing its investment appeal in the competitive Tampines market.