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

The valuation of the HDB 3 Room property in Tampines, with a remaining lease of 56 years, has been assessed at an estimated value of $400,005, translating to a compelling price of $502 per square foot (PSF). This valuation indicates a significant premium, as it is positioned above the current market baseline by approximately 30%. Such a pronounced deviation from the baseline suggests that the property is commanding a strong market interest, reflective of both the desirability of the Tampines locale and the intrinsic value associated with HDB properties in this region.

The data underpinning this valuation is robust, derived from an analysis of 295 recent HDB resale transactions in the vicinity, which reinforces the high confidence level assigned to this model. The strong market signal indicates that buyers are willing to pay a premium for properties in this area, potentially due to factors such as accessibility, amenities, and the overall appeal of Tampines as a mature town with a well-established community. As the property market continues to evolve, the dynamics of lease duration and urban development will likely play pivotal roles in influencing future valuations, particularly for properties with remaining leases under 60 years.