3 Room (3NG) HDB for Rent in 164 Simei Road

The valuation of the 3-room HDB unit located in the vibrant locale of Tampines presents a compelling case for both potential buyers and investors. With a remaining lease of 61 years and an estimated value of $706,349 (equivalent to $589 PSF), this property reflects a strategic entry point in a highly sought-after district. The estimation aligns closely with the baseline market price, indicating a 0% difference from market norms, which signifies a stable demand and a balanced supply in the current HDB resale market.

Our analysis draws on a robust dataset comprising 490 recent HDB resale transactions in the vicinity, lending a high level of confidence to this valuation. The strong market signal suggests that the property is well-positioned amidst the ongoing dynamics of the Singapore real estate landscape. As the demand for HDBs continues to be driven by factors such as affordable housing and community-centric living in established neighborhoods like Tampines, this unit represents a sound investment opportunity. Furthermore, with a high model confidence rating, prospective buyers can be assured of the reliability of this valuation, reflecting both current market conditions and future potential.