3 Room (3A) HDB for Sale in 284 Tampines Street 22

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at approximately $400,069, translating to a price per square foot (PSF) of $502. This valuation is notably positioned above the market average, reflecting a 30% premium compared to the baseline established within the region. Such a significant differential indicates a robust demand for HDB properties in this locality, driven by several underlying market dynamics.

Recent data from 298 HDB resale transactions in the immediate vicinity supports a high model confidence level in this valuation. The enduring appeal of the Tampines area, characterized by its strategic location and well-developed infrastructure, contributes to this upward valuation trend. As the remaining lease of 56 years offers a substantial timeframe for ownership, it enhances the attractiveness of the property, especially for families seeking long-term residence. The current market signals suggest that buyers are willing to invest above the standard pricing, underscoring the desirability of living in this vibrant and well-connected neighborhood.