5 Room (5I) HDB for Sale in 856 Tampines Street 82

The valuation of the 5-room HDB property located in Tampines, with a remaining lease of 58 years, stands at an estimated value of $605,277, translating to a price per square foot (PSF) of $461. This figure reflects a market signal that is notably above the baseline by 32.2%, indicating a heightened demand or unique attributes associated with this particular unit. Such an appreciation in value suggests that buyers are willing to pay a premium, potentially due to the property’s strategic location within the well-connected and vibrant Tampines precinct, known for its comprehensive amenities and robust community infrastructure.

However, it is important to note that the model confidence for this valuation is categorized as low, which implies a degree of uncertainty in the predictive accuracy of the assessed value. This conclusion is drawn from an analysis of three recent HDB resale transactions in the vicinity, which may present a limited data set for establishing a more robust valuation. As the remaining lease of the property decreases over time, potential buyers must weigh the implications of leasehold tenure against the current market dynamics, particularly in a region like Tampines where demand fluctuations can significantly impact resale values.