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

The valuation of the HDB 3-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $423,015, translating to a price per square foot (PSF) of $479. This valuation positions the property at a significant premium, with a market signal indicating a 20.6% increase above the baseline. Such a notable appreciation suggests a strong local demand, potentially driven by Tampines' reputation as a well-connected and vibrant residential hub, characterized by its comprehensive amenities, educational institutions, and proximity to major transport links.

However, the model confidence for this valuation is categorized as low, primarily due to the limited data set comprising only two recent HDB resale transactions in the vicinity. This lack of robust transactional data may introduce volatility in the pricing model, warranting caution for potential buyers and investors. The current market dynamics underscore the importance of thorough due diligence, as the interplay between the remaining lease period and the surrounding market conditions will greatly influence future resale potential and investment viability.