Common Room (HDB) for Rent in 862A Tampines Street 83

In the current landscape of Singapore's real estate market, the valuation of the HDB 2 Room unit in Tampines, with a remaining lease of 60 years, reflects a strategic equilibrium. The estimated value of $103,439, equating to $690 per square foot (PSF), signifies a strong market signal, with a 0% variance from the baseline price. This stability is indicative of a well-calibrated demand and supply dynamic within the locality, suggesting that buyers perceive this property as fairly valued amidst the competitive HDB resale market.

Furthermore, the model confidence rating is high, underpinned by an analysis of 26 recent resale transactions in the vicinity, thereby reinforcing the reliability of this valuation. The 60-year lease remaining on the property is a critical factor influencing buyer sentiment and pricing dynamics. As potential homeowners weigh the longevity of their investment against market trends, properties with similar lease lengths in Tampines are likely to continue attracting interest, bolstered by the area's robust infrastructure and community amenities. This HDB unit, therefore, not only represents a viable investment opportunity but also reflects the broader trends shaping Singapore's residential market.