4 Room (4A) HDB for Sale in 283 Tampines Street 22

The valuation of the HDB 4 Room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $526,143, translating to a price per square foot (PSF) of $470. This valuation is notably positioned above the market baseline by 23.5%, indicating a premium that reflects both the desirability of the location and the robust demand for HDB properties in this region. The high model confidence rating, derived from 122 recent HDB resale transactions in the vicinity, underscores the reliability of this assessment and highlights the strength of market dynamics influencing this valuation.

Several factors contribute to this above-market valuation. Tampines is a well-established and sought-after estate, known for its comprehensive amenities, educational institutions, and accessibility via the public transport network. The remaining lease of 56 years, while significant, still offers ample time for ownership and potential appreciation, particularly as the area continues to develop. In conjunction with the current demand trends, the premium pricing reflects both the competitive landscape in the HDB market and the enduring appeal of well-located units within vibrant neighborhoods like Tampines.