3 Room (3NG) HDB for Sale in 258 Tampines Street 21

The valuation of the 3-room HDB in Tampines, with a remaining lease of 56 years, is estimated at $427,179 or $484 PSF. This figure is notably categorized as above market, reflecting a significant 19.4% premium over the baseline valuation. Such a divergence from typical market values suggests a heightened demand for properties in this region, likely influenced by the strategic location and amenities available in Tampines, which is a well-established residential hub within Singapore.

However, it is important to note that the model confidence for this valuation is indicated as low, primarily due to the reliance on a limited dataset, with only one recent HDB resale transaction in the vicinity. This lack of robust transactional data may introduce volatility and uncertainty into the valuation, necessitating caution for potential buyers and investors. The remaining lease of 56 years may also play a crucial role in buyer sentiment, as properties with shorter leases can often face depreciating valuations as they approach the end of their lease term. Thus, while the current valuation reflects an attractive opportunity, stakeholders should consider broader market trends and future developments in the area when making informed decisions.