3 Room (3NG) HDB for Rent in 224 Tampines Street 23

The valuation of the HDB 3-room property in Tampines, with a remaining lease of 57 years, stands at an estimated value of $385,979, equating to a price per square foot (PSF) of $525. This valuation is particularly noteworthy given that it reflects a market price with a 0% difference from the baseline, indicating a stable market condition without significant fluctuations in pricing. Such stability is often a sign of a mature and well-established residential area, where demand and supply dynamics have reached an equilibrium.

With a high model confidence rating based on 336 recent HDB resale transactions in the vicinity, this valuation is further supported by robust market data. The Tampines area, known for its comprehensive amenities and excellent connectivity, continues to attract buyers looking for both investment opportunities and long-term residential options. As the remaining lease of 57 years is considered within the acceptable range for HDB properties, this valuation underlines the resilience of the HDB market in Singapore, reflecting a sustained interest among prospective homeowners despite broader economic challenges.