Common Room (HDB) for Rent in 264 Tampines Street 21

The valuation of the HDB 2-room unit in Tampines, with a remaining lease of 75 years, is estimated at $84,475, translating to a price per square foot (PSF) of $845. This valuation reflects a stable market signal, showcasing a 0% difference from the baseline price, indicating that the property is currently positioned at a fair market value. Such equilibrium suggests a balanced demand and supply scenario in the Tampines area, which is known for its vibrant community and accessibility to essential amenities.

Our analysis is grounded in the examination of 26 recent HDB resale transactions within the vicinity, providing a robust dataset that enhances the confidence level of this valuation to high. The enduring lease period of 75 years is a significant factor, as it offers potential buyers a substantial duration of ownership, aligning with Singapore's long-term housing policies and the increasing desirability of HDB living. Overall, the consistent market performance in Tampines, coupled with this property’s lease longevity, positions it as a compelling investment opportunity in the current landscape of Singapore's real estate market.