3 Room (3A) HDB for Sale in 847 Tampines Street 83

In the competitive landscape of Singapore's HDB market, the valuation of the 3-room flat in Tampines, with a remaining lease of 58 years, presents a noteworthy case. The estimated value of $392,164, translating to $493 per square foot, positions this property significantly above the baseline market level by approximately 30%. This premium valuation reflects a robust demand for HDB units in the Tampines region, which is characterized by its accessibility, community amenities, and ongoing developmental initiatives.

However, it is essential to consider the model confidence, which is rated as low in this instance. This indicates a potential volatility in the valuation derived from just three recent resale transactions in the vicinity. The limited data set may not fully capture the nuanced dynamics of the local market. Investors should exercise caution, ensuring that they weigh the remaining lease period against the broader market trends and individual investment objectives to make informed decisions in this evolving landscape.