4 Room (4A) HDB for Sale in 501 Tampines Central 1

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 62 years, stands at an estimated value of $657,120, translating to a price per square foot (PSF) of $555. This valuation is notably above the market average, reflecting an 18.7% premium over the baseline market value. Such a significant deviation indicates a robust demand for properties in this area, potentially driven by factors such as the locality's amenities, accessibility, and overall desirability among homebuyers.

The model confidence rating is classified as high, substantiated by an extensive analysis of 121 recent HDB resale transactions in the vicinity. This strong data set underlines the reliability of the valuation, suggesting that prospective buyers are willing to pay a premium for HDB flats in this region, particularly those with a substantial remaining lease. As the Tampines area continues to develop and attract interest, this property exemplifies the current market dynamics that favor well-located homes with a desirable lease tenure.