3-Room HDB for Room Rent: 217 Tampines Street 23

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $62,276, translating to a price per square foot (PSF) of $566. This valuation is firmly situated at the market baseline, indicating a stable demand and supply equilibrium in the region. The model confidence is rated as high, corroborated by a robust dataset of 492 recent HDB resale transactions in the vicinity, suggesting that our analysis is grounded in a substantial market representation.

Tampines remains a sought-after locale with its strategic position and connectivity, which significantly influences property values. The remaining lease of 57 years is a critical factor to consider, as it positions the property within the acceptable range for potential buyers, particularly those looking for affordable options in a mature estate. As the market displays a 0% difference from the baseline, it reflects a period of price stabilization, indicating that prospective investors and homeowners can expect a resilient investment in this well-established neighborhood.