3 Room (3I) HDB for Sale in 285 Tampines Street 22

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, is currently estimated at $385,663, translating to a price per square foot (PSF) of $485. This assessment indicates a valuation that is notably above the market baseline, reflecting a substantial 29.6% premium compared to prevailing market trends in the area. Such a significant deviation suggests that the property may be positioned in a desirable segment, possibly due to unique characteristics or amenities that cater to buyer preferences.

However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, which is based on only two recent HDB resale transactions in the vicinity. This scarcity of comparable sales may lead to fluctuations in market perception and actual transaction values. Buyers and investors should consider the implications of the remaining lease on long-term value, as properties with shorter leases may face increased depreciation rates as the lease approaches expiry. Understanding the local market dynamics and current demand is crucial for stakeholders navigating this premium pricing landscape.