297 Tampines Street 22 520297, Tampines East, East Region, Singapore
$430,000
Total privacy, windows on higher ground 2 proper bedrooms Good size with 2 bathrooms Short walk to MRT Near shops, market, banks etc. Extension of stay required Call to view now! Sabrina +65 9066 XXXX ———— 297 Tampines Street 22 is a leasehold (99 Yrs From 1984) HDB property completed in 1984. It is located along Tampines Street 22 in Tampines HDB Town, in the East Region. It is accessible through the nearest MRTs including Tampines East DT33 and Simei EW3. Other nearby amenities include 3 Grocerie(s): SUZYAMEER FROZEN PTE. LTD., YES SUPERMARKET PTE LTD, SHAHUL HAMEED S/O ABDUSALAM, and 1 Shopping Mall: EASTPOINT MALL (EAST POINT). This development consists of 66 units of 3-room flats, and 44 units of 4-room flats. Based on transaction data in the last 12 months, sale prices range from S$ 420,000 to S$ 555,000 and rents range from S$ 2,600 psf to S$ 3,400 psf. Buyers and tenants are attracted to Tampines HDB town, a residential town located in Singapore's East Region. Tampines is Singapore's third largest new town by area, spanning over 289ha of land. Originally covered by forests and swamps, Tampines has evolved into a modern township with three shopping malls: Tampines 1, Century Square and Tampines mall, located in the heart of the regional centre. In 2006, IKEA opened its second outlet in Singapore at Tampines Retail Park, adjacent to two other mega retail warehouse stores by Courts and Giant. With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plan to create a more semiconductor and aviation related jobs at Tampines North, Pasir Ris and Changi. Residents benefit from a wide variety of green and play spaces in the region.
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3009250K
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Automated Valuation based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$391,794
S$498 psf
Asking Price
S$430,000
S$547 psf
vs Market
+9.8%
vs Last Done
-10.5%
Tenure
56 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Tampines East
575m away · +2% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$611
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.800
MRT Proximity
Within 500m / 1km
+2%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$498
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneNov 2024 | Blk 297 TAMPINES ST 22 Floor 10 TO 12 | 786sqft | S$480,000 | ▲S$611 +22.7% vs FV | 99yr from 1984 |
Nov 2024 | Blk 297 TAMPINES ST 22 Floor 10 TO 12 | 786sqft | S$480,000 | ▲S$611 +22.7% vs FV | 99yr from 1984 |
Blk 297 TAMPINES ST 22
Nov 2024 · Floor 10 TO 12
+22.7% vs FV
Blk 297 TAMPINES ST 22
Nov 2024 · Floor 10 TO 12
+22.7% vs FV
HELIOS AI Analysis
The valuation of the HDB 3-room unit located in the vibrant district of Tampines, set at an estimated value of $391,794 (equating to $498 PSF), presents a compelling yet cautious perspective amidst current market dynamics. With a remaining lease of 56 years, this property stands at a crucial juncture where lease duration significantly influences buyer sentiment and investment potential. The property’s valuation reflects a notable market signal, being assessed at 9.8% above the baseline, indicating a strong demand within the local HDB market despite the inherent risks associated with shorter lease tenures.
However, the model confidence remains low, primarily due to the limited transactional data, with only one recent HDB resale transaction available in the vicinity for comparative analysis. This scarcity of data may suggest a need for caution among potential buyers and investors as it may not fully capture the broader market trends or shifts in buyer preferences. As the Tampines area continues to develop and thrive, the interplay between lease duration and market desirability will be pivotal in shaping future valuations and investment strategies within this locale.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.