3 Room (3NG) HDB for Rent in 252 Tampines Street 21

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $353,240, translating to a price per square foot (PSF) of $481. This valuation reflects a market price that is currently stable, with a 0% difference from the baseline. Such a position indicates a balanced demand and supply scenario in the local market, suggesting that buyers are willing to pay the indicative price without significant upward or downward pressure.

However, it is important to note that the model confidence associated with this valuation is classified as low, primarily due to the limited data available from only one recent HDB resale transaction in the vicinity. This lack of robust transaction data may hinder the ability to accurately gauge market sentiment and pricing trends. As the remaining lease diminishes, potential buyers may weigh the implications of the leasehold term on future resale value, particularly in a market where lease duration increasingly influences buyer decision-making. Investors and homeowners alike should remain vigilant and consider broader market dynamics and future developments in the Tampines district that could impact property values.