3 Room (3A) HDB for Sale in 202 Tampines Street 21

The HDB 3-room property located in Tampines, currently valued at approximately $368,422 or $457 per square foot, reflects an intriguing market signal indicating an above-market valuation with a significant 41.1% difference from the baseline. This premium valuation may be attributed to several factors, including the area's desirability, accessibility, and the evolving demographics that increasingly favor suburban living. As one of the well-established residential precincts, Tampines offers residents a blend of modern amenities, educational institutions, and recreational facilities, which collectively enhance the appeal of such properties.

However, it is noteworthy that the model confidence for this valuation is categorized as low, primarily based on the limited dataset of just three recent HDB resale transactions in the vicinity. This suggests that while the current estimated value positions the property favorably in the market, potential buyers and investors should exercise caution. The remaining lease of 55 years is another critical factor influencing buyer sentiment and future resale potential. As the lease term decreases, the intrinsic value of HDB properties may be impacted, necessitating a thorough assessment of long-term investment viability in the context of Singapore's dynamic property landscape.