Common Room (HDB) for Rent in 489A Tampines Street 45

The valuation of the HDB 2-room unit in Tampines, with a remaining lease of 62 years, stands at an estimated value of $69,120, translating to $713 per square foot. This assessment reflects a stable market position, as indicated by a market price that aligns precisely with the baseline, revealing a 0% difference. Such equilibrium suggests a well-balanced demand and supply scenario within the Tampines locality, which is known for its robust infrastructure and accessibility.

The model confidence for this valuation is rated as high, supported by a comprehensive analysis of 26 recent HDB resale transactions in the vicinity. This substantial dataset not only enhances the reliability of the valuation but also underscores the prevailing market dynamics that govern property prices in the area. As the remaining lease remains a critical factor for prospective buyers, this HDB unit benefits from a moderately long lease term, which typically enhances its appeal among first-time buyers and investors seeking stable returns in a well-established neighborhood.