5 Room (5I) HDB for Sale in 157 Simei Road

The valuation of the 5-room HDB unit in Tampines, with a remaining lease of 61 years, stands at an estimated value of $723,679, translating to a price per square foot of $521. This valuation reflects the current market dynamics, where the property exhibits a mere 3.4% difference from the baseline market price, indicating a strong alignment with prevailing market conditions. This slight variance suggests that the property is competitively priced, appealing to both investors and owner-occupiers looking for stability in their real estate investments.

Furthermore, the high model confidence associated with this valuation is underpinned by a robust dataset derived from 126 recent HDB resale transactions in the vicinity. Such a comprehensive analysis not only bolsters the reliability of the estimated value but also reinforces the underlying demand for HDB properties in the Tampines area. As the market continues to evolve, the remaining lease of this unit plays a critical role in its valuation, offering potential buyers a significant tenure while balancing the considerations of future resale prospects and investment security.