Common Room (HDB) for Rent in 157 Tampines Street 12

The valuation of the HDB 2-room unit in Tampines, with a remaining lease of 56 years, stands at an estimated value of $79,506, which translates to a price per square foot (PSF) of $663. This assessment reflects a market price that is in alignment with the baseline, indicating a 0% difference. Such stability in pricing signals a balanced demand-supply dynamic within the current HDB resale market, particularly in a well-established locale like Tampines.

The model confidence level is categorized as high, derived from a robust analysis of 26 recent HDB resale transactions within the vicinity. This extensive dataset underscores the reliability of the valuation, as it captures current market trends and buyer sentiment. With 56 years remaining on the lease, this property appeals to a diverse demographic, including young families and first-time buyers, who are increasingly drawn to the amenities and accessibility that Tampines offers. As such, the ongoing demand for HDB properties in this region remains resilient, despite the nuances of lease tenure.