Common Room (HDB) for Rent in 406 Tampines Street 41

The valuation of the HDB 2 Room unit in Tampines, with a remaining lease of 58 years, stands at an estimated value of $103,977, translating to a price per square foot (PSF) of $693. This valuation reflects a stable market condition, with the current market price indicating a 0% difference from the baseline. Such stability in price points to a balanced demand and supply in the area, suggesting that the property maintains its desirability among prospective buyers.

Our analysis is based on a robust dataset comprising 26 recent HDB resale transactions in the vicinity, which provides a high confidence level in the model's predictive capabilities. The high model confidence underscores the reliability of the estimated value, taking into account the prevailing market trends and the unique characteristics of the property. Furthermore, the residual lease period of 58 years is a crucial factor in the valuation, as it enhances the investment appeal for buyers who are cognizant of leasehold dynamics in Singapore's real estate landscape.