Common Room (HDB) for Rent in 620A Tampines Street 61

The valuation of the 2-room HDB unit in Tampines, with a remaining lease of 94 years, stands at an estimated value of $99,383, translating to a price per square foot (PSF) of $828. This valuation reflects a stable market signal, with no deviation from the baseline, indicating a balanced demand and supply scenario within this segment of the HDB market. The high model confidence rating is supported by a comprehensive analysis of 26 recent resale transactions in the vicinity, providing a robust data foundation for the valuation.

With a lease tenure of 94 years remaining, the property enjoys a significant advantage in attracting a diverse pool of potential buyers, particularly first-time homeowners and those looking to upgrade within the same precinct. The Tampines area continues to be a sought-after locale, characterized by its accessibility, amenities, and community infrastructure, which further solidifies its appeal in the competitive HDB landscape. As market dynamics evolve, maintaining vigilance on external economic factors and local development initiatives will be crucial in forecasting future value trends for this HDB unit.