Common Room (HDB) for Rent in 623B Tampines Avenue 12

This valuation report presents an in-depth analysis of a 2-room HDB property located in the vibrant district of Tampines, featuring a remaining lease of 94 years. The estimated value of this property is pegged at $125,023, translating to a competitive price of $833 per square foot (PSF). The model's high confidence level stems from a robust dataset, with insights gleaned from 54 recent HDB resale transactions in the vicinity, underscoring the reliability of the valuation.

Significantly, the market signal indicates that this property's estimated value is in perfect alignment with the prevailing market price, reflecting a 0% difference from the baseline. This equilibrium suggests a stable demand within the Tampines area, driven by its strategic location and rich amenities. As the HDB lease extends well into the future with 94 years remaining, potential buyers are likely to view this as an attractive long-term investment, balancing both affordability and the promise of future appreciation amidst a dynamic real estate landscape.