Common Room (HDB) for Rent in 160 Simei Road

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 61 years, stands at an estimated value of $89,305, translating to a price per square foot (PSF) of $595. This valuation reflects a market signal indicating a stable condition, with a zero percent difference from the baseline. Such stability is indicative of a balanced demand-supply dynamic in the region, showcasing the resilience of the HDB market in Tampines amidst broader economic fluctuations.

Our analysis, grounded in data from 500 recent HDB resale transactions in the vicinity, reinforces the high confidence in this valuation model. The remaining lease of 61 years positions this property favorably, as properties with leases exceeding 60 years tend to retain their market value more effectively, appealing to both owner-occupiers and investors alike. As the Tampines area continues to evolve, characterized by its robust infrastructure and community amenities, this valuation reflects not only the current market conditions but also the long-term potential of HDB living in this vibrant estate.