5 Room (5I) HDB for Sale in 388 Tampines Street 32

The valuation of the HDB 5-room unit in Tampines, with a remaining lease of 66 years, is estimated at $869,788, translating to a price per square foot of $641. This valuation reflects a comprehensive analysis of the local market dynamics and the specific attributes of the property. With a market signal indicating a 2.5% difference from the baseline, this property is positioned within a competitive pricing bracket, suggesting robust demand and stability in the resale market. The high model confidence, derived from an extensive dataset of 500 recent HDB resale transactions in the vicinity, reinforces the reliability of this valuation.

The remaining lease of 66 years is a critical factor in determining the property’s value, as it influences both buyer sentiment and potential future resale opportunities. Properties with longer leases tend to command premium prices due to perceived longevity and investment security. Given Tampines' reputation as a well-established residential hub, characterized by excellent amenities and connectivity, this unit is likely to attract a diverse pool of buyers. The strong performance in the local HDB market underscores a resilient trend, driven by both economic factors and the enduring appeal of the Tampines district.