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

The valuation for 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 valuation is particularly noteworthy as it reflects a market price that is aligned with the baseline, indicating a stable demand in the area. The HDB market in Singapore has demonstrated resilience, particularly in established neighborhoods such as Tampines, which is known for its robust community amenities and connectivity.

Our analysis is underpinned by a high model confidence rating, derived from a comprehensive review of 500 recent HDB resale transactions in the vicinity. This extensive dataset provides a reliable foundation for assessing the property’s market dynamics. As the remaining lease period is a crucial determinant of HDB valuations, the 62 years remaining on this property positions it favorably within the market. Buyers are often inclined to value properties with longer leases higher, especially in well-connected regions like Tampines, where the potential for capital appreciation remains significant.