Executive HDB for Sale in 893 Tampines Avenue 8

The valuation of the HDB Executive property in Tampines, with a remaining lease of 69 years, stands at an estimated value of $967,741, translating to a price per square foot (PSF) of $642. This pricing reflects a modest 2.8% deviation from the baseline market price, indicating a stable yet cautious market sentiment. The relatively low model confidence is noteworthy, stemming from the reliance on only two recent resale transactions in the vicinity, which may not fully encapsulate the broader market trends.

In the context of Singapore's dynamic real estate landscape, the remaining lease of 69 years is a critical factor influencing buyer sentiment and overall property value. Properties with shorter leases often face a depreciation in value as the lease term diminishes, impacting potential resale opportunities in the future. Therefore, while the current valuation appears competitive, it is essential for prospective buyers and investors to consider the implications of lease longevity and market fluctuations when evaluating this HDB Executive property in Tampines.