4 Room (4A) HDB for Sale in 488A Tampines Avenue 9

The valuation of the HDB 4 Room property in Tampines, with a remaining lease of 62 years, stands at an estimated value of $620,955, equating to a price per square foot (PSF) of $555. This figure is indicative of a strong market demand, as it is positioned at a notable 12.7% above the baseline market value. Such a premium reflects the desirability of the Tampines area, which is known for its comprehensive amenities and excellent connectivity, making it a sought-after location for both families and young professionals.

Our analysis is bolstered by a high model confidence, derived from a robust dataset of 121 recent HDB resale transactions within the vicinity. This comprehensive dataset underscores the prevailing market dynamics, illustrating a sustained upward trajectory in property valuations. The remaining lease of 62 years, while significant, does not detract from the overall appeal of the property, as the location and community attributes continue to drive buyer interest. It is essential for potential investors and homeowners to consider these factors in light of the current market conditions, which favor properties that offer both longevity and lifestyle benefits.