5 Room (5I) HDB for Sale in 234 Simei Street 4

In the competitive landscape of Singapore's real estate market, the valuation of the HDB 5 Room in Tampines, with a remaining lease of 60 years, presents a compelling case for investment. The estimated value of $674,247, translating to $514 per square foot, positions this property significantly above the market baseline by 15.7%. Such a valuation reflects not only the unique characteristics of the property but also the current demand dynamics in the area, underpinned by a robust model confidence rating classified as high.

Analyzing the broader market context, this valuation is supported by a thorough examination of 146 recent HDB resale transactions within the vicinity. The elevated price point indicates a strong buyer interest, likely driven by Tampines' strategic location, excellent amenities, and transport connectivity. As the remaining lease of 60 years remains a critical factor in HDB valuations, the above-market positioning signals a premium perceived by buyers, potentially influenced by the area's growth trajectory and future development prospects. Investors and homeowners alike should consider these factors when evaluating this property, as it reflects both immediate value and long-term investment potential.