Common Room (HDB) for Rent in 223 Simei Street 4

The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 60 years, stands at an estimated value of $58,150, translating to a competitive $529 per square foot (PSF). This pricing positions the property in line with the current market baseline, reflecting a stable market signal with a 0% difference from the established average. The consistency in pricing underscores a robust demand for HDB properties in the region, driven by both local and international interest in Singapore's residential market.

With model confidence rated as high, this valuation is supported by an extensive analysis of 219 recent HDB resale transactions in the vicinity, providing a reliable benchmark for prospective buyers and investors. The remaining lease of 60 years is a crucial factor, as it balances the property's long-term viability with the typical buyer's preference for lease duration. As such, this HDB unit represents a strategic opportunity in a sought-after locale, amidst a backdrop of evolving market dynamics and sustained community development in Tampines.