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, stands at an estimated value of $764,504, translating to a price per square foot (PSF) of $564. This assessment reflects a robust market signal, indicating that the property is valued at a premium of 10.9% above the baseline market rate. Such a margin suggests a strong demand for HDB units in the Tampines area, which is characterized by its well-established infrastructure and extensive amenities.

With model confidence rated as high, this valuation is grounded in a thorough analysis of 101 recent HDB resale transactions within the vicinity. The elevated value can be attributed to several key factors, including:

• Strategic Location: Tampines is a mature estate with excellent connectivity and proximity to essential services.
• Community Appeal: The neighborhood offers a vibrant community atmosphere that attracts families and young professionals alike.
• Investment Potential: The remaining lease of 66 years provides a balance between long-term residency and potential appreciation, appealing to both homeowners and investors.

Given these dynamics, the HDB market in Tampines appears to be resilient, with strong buyer interest driving prices upward, thereby affirming the premium valuation of this property.