Common Room (HDB) for Rent in 268 Tampines Street 21

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $66,786, translating to a price per square foot (PSF) of $557. This valuation reflects a market price exhibiting no deviation from the baseline, indicating a stable and balanced demand-supply scenario in this well-established residential precinct. The high model confidence, based on a robust analysis of 500 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation amidst the dynamic market conditions.

As the remaining lease of this property is a pivotal factor, it presents both opportunities and challenges for prospective buyers and investors. The remaining 57 years of leasehold tenure positions the property well within the acceptable range for long-term habitation, while also suggesting a diminishing leasehold value as it approaches the tail end of its tenure. In the context of the broader market dynamics, this valuation signals a cautious yet optimistic outlook for HDB properties in Tampines, where demand remains resilient, reflecting the area's appeal in terms of connectivity, amenities, and community living.