5 Room (5A) HDB for Rent in 490A Tampines Street 45

The current valuation for the HDB 5-room unit in Tampines, standing at an estimated value of $756,158 or $549 per square foot, reflects a significant moment in the local housing market. With a remaining lease of 66 years, this property presents an intriguing opportunity for potential buyers who are keen on long-term investments in a well-established residential area. The valuation shows a market price that is aligned with the baseline, indicating stability in the region despite broader economic fluctuations.

However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the limited data set, which is based on a single recent resale transaction in the vicinity. This scenario underscores the inherent volatility that can be present in the HDB market, particularly in neighborhoods like Tampines, where demand can be influenced by various factors including proximity to amenities and transportation links. Investors and homeowners alike should approach this valuation with a critical lens, considering the dynamics of lease longevity and market trends before making a decision.