Common Room (HDB) for Rent in 210 Tampines Street 23

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 57 years, stands at an estimated value of $66,706, reflecting a price per square foot (PSF) of $556. This valuation is grounded in robust data analysis, drawing insights from a substantial sample of 500 recent HDB resale transactions within the vicinity. The model confidence is rated as high, indicating a reliable assessment based on prevailing market conditions and comparable property performance.

Notably, the market price indicates a 0% difference from the baseline, suggesting that this HDB unit is currently positioned at a competitive market rate. This stability in pricing reflects the underlying demand for HDB properties in the Tampines area, which is characterized by a balanced supply and demand dynamic. As buyers navigate the landscape of HDB leases, the remaining lease period of 57 years plays a crucial role in the investment appeal of the property, influencing both buyer sentiment and the long-term value trajectory. In summary, this valuation not only captures the current market sentiment but also highlights the significance of lease tenure in shaping property desirability within Singapore's vibrant real estate market.