Master Room (HDB) for Rent in 264 Tampines Street 21

The valuation of the HDB 2 Room property located in Tampines, with a remaining lease of 56 years, stands at an estimated value of $121,268, translating to a price per square foot (PSF) of $606. This valuation reflects a baseline market price, indicating a stable market signal with a 0% difference from the established baseline. Such a positioning suggests that the property is aligned with current market trends, showcasing its competitive standing in a vibrant district known for its accessibility and community amenities.

Based on an analysis of 11 recent HDB resale transactions in the vicinity, the model confidence in this valuation is categorized as medium. This level of confidence underscores the importance of ongoing market dynamics and localised demand factors influencing property prices. The remaining lease of 56 years is a crucial element, as properties with shorter leases often attract more scrutiny from potential buyers, impacting resale value. However, the robust activity in the Tampines area points to a persistent demand for HDB units, thereby sustaining the overall market value and attractiveness of this property type in Singapore’s evolving real estate landscape.