Common Room (HDB) for Rent in 248 Tampines Street 21

The valuation of the 4-room HDB property in Tampines, with a remaining lease of 56 years, stands at an estimated value of $54,613, translating to a price per square foot (PSF) of $546. This valuation reflects a stable market signal, indicating a 0% difference from the baseline, suggesting that the property is accurately priced within the current market context. The model confidence is rated as high, reinforcing the reliability of this valuation based on comprehensive data analysis.

Analyzing the broader market dynamics, the valuation is derived from an extensive dataset comprising 500 recent HDB resale transactions in the vicinity. This robust sample size not only enhances the credibility of the valuation but also reflects the competitive landscape of the Tampines area. With a remaining lease of 56 years, this property offers a suitable balance between affordability and longevity, appealing to both first-time homebuyers and investors looking for stable returns in a well-established neighborhood. The consistency of the market price signals a sustained demand for HDB properties in Tampines, a trend likely driven by its strategic location and community amenities.