3-Room HDB for Room Rent: 244 Tampines Street 21

The valuation of the HDB 3 Room in Tampines, with a remaining lease of 56 years, stands at an estimated value of $55,588, translating to a price per square foot (PSF) of $556. This price reflects a market signal that indicates a 0% difference from the baseline valuation, suggesting that the property is well-aligned with current market conditions. Such stability in pricing is significant, especially given the fluctuating dynamics often observed in the HDB resale market.

The model confidence for this valuation is rated as high, bolstered by a robust analysis of 491 recent HDB resale transactions in the vicinity. This extensive dataset provides a comprehensive view of market trends and buyer sentiment within the Tampines area, reinforcing the reliability of the estimated value. The remaining lease period of 56 years is a critical factor, as it influences buyer perception and future resale potential. As the market continues to evolve, this property stands as a prime example of the resilient demand for HDB units in well-established neighborhoods, particularly in regions such as Tampines that are known for their accessibility and amenities.