4 Room (4A) HDB for Sale in 221 Tampines Street 24

The valuation of the 4-room HDB unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $555,766, translating to a price per square foot (PSF) of $497. This valuation is notably above the market average, reflecting a 22.4% premium compared to the baseline, which suggests strong demand and robust market dynamics in this region. Given that this analysis is based on 146 recent HDB resale transactions in the vicinity, the model confidence is deemed high, indicating a reliable assessment of market conditions.

The elevated valuation can be attributed to a variety of factors influencing the Tampines area, including its strategic location, accessibility to public transport, and proximity to essential amenities. As Singapore’s urban landscape continues to evolve, areas like Tampines are witnessing an uptick in desirability, particularly among families and young professionals. The balance of remaining lease and the premium valuation suggests that buyers are willing to invest in properties that promise both immediate living comfort and long-term potential, making this an intriguing property for prospective investors and homeowners alike.