4 Room (4A) HDB for Sale in 263 Tampines Street 21

The valuation of the HDB 4 Room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $617,628, translating to a price per square foot (PSF) of $547. This valuation is positioned above the market baseline by 5.2%, indicating a premium that reflects both the desirability of the location and the quality of the unit. As a well-established residential area, Tampines continues to attract buyers due to its robust infrastructure, accessibility, and comprehensive amenities.

The model confidence for this valuation is classified as high, bolstered by an extensive analysis of 500 recent HDB resale transactions in the vicinity. This significant dataset not only enhances the reliability of the valuation but also underscores the prevailing market dynamics that favor properties with a longer leasehold period. As the urban landscape evolves and demand for HDB properties remains strong, potential investors and homeowners can recognize the inherent value in acquiring this unit, particularly as the remaining lease offers considerable time for occupancy before any lease decay impacts market perceptions.