3 Room (3NG) HDB for Rent in 285 Tampines Street 22

The valuation of the HDB 3-room property located in Tampines, with a remaining lease of 56 years, stands at an estimated value of $356,108, translating to a price per square foot (PSF) of $485. This valuation reflects a market price that exhibits no deviation from the baseline, indicating a stable demand within the local real estate landscape. The property’s positioning within the vibrant Tampines district, known for its integrated amenities and accessibility, plays a pivotal role in sustaining its market value.

However, the model confidence for this valuation is categorized as low, underscoring the necessity for cautious interpretation of the data. This conclusion is drawn from only two recent HDB resale transactions in the vicinity, which may not provide a comprehensive snapshot of the broader market dynamics. As the remaining lease period continues to diminish, potential buyers should weigh the implications of leasehold tenure on future resale potential and the overall attractiveness of the investment. The interplay of these factors will ultimately shape the property’s desirability in the evolving HDB market in Singapore.