Premium HDB for Sale in 618B Tampines Street 61

The valuation of the HDB 4-room unit located in Tampines has been assessed at an estimated value of $684,956, translating to $684 PSF. This valuation positions the property at a significant premium in the current market, reflecting a robust 16.8% above the baseline price. The extended remaining lease of 94 years contributes positively to its desirability, as buyers often perceive longer leases as a stable investment, providing a sense of security in their long-term commitments.

Market dynamics in the Tampines area indicate a strong demand for HDB properties, supported by recent trends from over 500 resale transactions in the vicinity. The elevated valuation suggests a confluence of factors including location appeal, proximity to amenities, and a generally favorable market sentiment. Given the high model confidence in this valuation, potential buyers should consider this property as a strategic investment opportunity, particularly as the HDB market continues to evolve in response to urban development initiatives and demographic shifts within the region.