5 Room (5I) HDB for Sale in 165 Simei Road

The valuation of the HDB 5 Room unit in Tampines, with a remaining lease of 61 years, stands at an estimated value of $732,890, translating to a price per square foot (PSF) of $532. This valuation reflects a market price that is only 2.1% above the baseline, indicating a relatively stable market condition. The modest premium suggests a balanced demand and supply scenario, where buyer interest is consistent, yet not overly aggressive, potentially influenced by the property’s lease tenure and the overall economic climate.

However, it is important to note that the model confidence for this valuation is classified as low, based on the analysis of only four recent HDB resale transactions in the vicinity. This limited data set may not fully capture the dynamic market forces at play in Tampines, a well-established residential hub known for its amenities and connectivity. The remaining lease of 61 years is a critical factor, as properties with shorter leases may experience diminished buyer interest, influencing future resale potential. Investors and homeowners must consider these lease dynamics alongside the overall market trends to make informed decisions in this evolving landscape.