Common Room (HDB) for Rent in 489A Tampines Street 45

The valuation of the 4-room HDB unit in Tampines, with a remaining lease of 62 years, stands at an estimated value of $57,014, translating to a price per square foot (PSF) of $588. This assessment reflects a solid understanding of the local market dynamics, underscored by a model confidence rating of high, derived from a comprehensive analysis of 500 recent HDB resale transactions within the vicinity. Such a robust dataset not only enhances the reliability of the valuation but also provides valuable insights into the prevailing trends impacting property prices in this well-established residential enclave.

Interestingly, the market signal indicates a 0% difference from the baseline, highlighting a period of price stability in the region. This equilibrium suggests that demand for HDB properties in Tampines remains consistent, with buyers valuing the area's amenities, accessibility, and community spirit. As the remaining lease is a crucial determinant in HDB valuations, the 62-year tenure allows for potential appreciation, although it may become a consideration for future buyers. Overall, the valuation reflects a strategic positioning within the market, offering potential for both owner-occupiers and investors alike.