5 Room (5I) HDB for Sale in 618A Tampines Street 61

The valuation of the HDB 5 Room apartment in Tampines, with a remaining lease of 94 years, stands at an estimated value of $827,770, translating to a price per square foot (PSF) of $681. This valuation is indicative of a robust demand in the area, reflecting a significant market signal that positions the property 14.8% above the baseline values for similar HDB units within the vicinity. Such a premium suggests a strong buyer interest and a competitive market environment, particularly in a well-established neighborhood like Tampines.

With a model confidence rating of high, this valuation is underpinned by a comprehensive analysis of 500 recent HDB resale transactions in the area, showcasing a dynamic real estate market characterized by limited supply and increasing buyer sentiment. The remaining lease period of 94 years enhances the property’s appeal, as it provides prospective buyers with an extended tenure, aligning with purchasing preferences in Singapore's HDB market. As such, this valuation not only reflects the current market conditions but also positions the property as a sound investment in a thriving residential locale.