Common Room (HDB) for Rent in 248 Tampines Street 21

In the current landscape of Singapore's real estate market, this HDB 4 Room unit in Tampines, with a remaining lease of 56 years, presents a compelling valuation of $65,536, translating to a price per square foot (PSF) of $546. The estimated value reflects the market equilibrium, with a notable 0% deviation from the baseline price, indicating a stable demand amid fluctuating economic conditions. This stability is further underscored by a model confidence level classified as high, derived from a robust analysis of 500 recent HDB resale transactions in the vicinity.

The dynamics of the HDB market in Tampines are influenced not only by the remaining lease but also by the area's strategic location and amenities, which play a crucial role in attracting potential homeowners. With a mid-range lease remaining, this property appeals to both first-time buyers and investors looking to capitalize on the vibrant residential ecosystem of Tampines. As the market continues to evolve, this valuation serves as a benchmark for understanding pricing trends in the region, emphasizing the importance of lease duration in shaping property desirability and investment potential.