3 Room (3NG) HDB for Rent in 292 Tampines Street 22

The valuation of the 3-room HDB unit in Tampines, with an estimated value of $373,968, reflects a robust market equilibrium, as indicated by its alignment with the baseline price, showing a 0% difference. With a price per square foot (PSF) of $509, this property is situated in a region that has demonstrated consistent demand and stability in the resale market. The remaining lease of 57 years is a critical factor in its valuation, as properties with longer leases tend to command a premium in the eyes of potential buyers, particularly in a competitive market like Singapore.

Market dynamics in the Tampines area have shown resilience, evidenced by the analysis of 329 recent HDB resale transactions in the vicinity. This significant transaction volume underscores the healthy demand for HDB units, contributing to a high model confidence rating for this valuation. Investors and homeowners alike are keenly aware of the potential for future capital appreciation, driven by the region's strategic location, accessibility, and ongoing development initiatives. As such, the value of this unit not only reflects current market conditions but also positions itself favorably for long-term growth in the context of Singapore's evolving real estate landscape.