4-Room HDB for Room Rent: 248 Tampines Street 21

The valuation of the HDB 4 Room property in Tampines, with a remaining lease of 56 years, stands at an estimated value of $73,756, translating to a price per square foot (PSF) of $546. This valuation reflects a market price that is in perfect alignment with the baseline, indicating no fluctuations from the established market trends. Such stability is indicative of a robust demand for HDB properties within the region, particularly in Tampines, which is known for its strategic location and comprehensive amenities.

Our model confidence is rated as high, derived from a thorough analysis of 500 recent HDB resale transactions in the vicinity. The data suggests a steady market environment, where buyers are actively engaging with HDB properties. The remaining lease of 56 years is a significant factor in this valuation, as it balances the potential longevity of ownership with the inherent appreciation challenges typically associated with shorter leases. In conclusion, the property not only represents a fair market value but also encapsulates the enduring appeal of HDB living in a prime district, underscoring its desirability among potential homeowners and investors alike.