Is this result purely based on historical prices or have you considered future development nearby?

The valuation of your 4-room HDB flat at Blk 879B Tampines Avenue 8 is not solely based on historical prices, but it also considers several other factors. Here are some key considerations:

- Recent Transactions: The valuation takes into account the latest transaction prices of similar units in the same block or nearby areas. This helps in determining the current market value of your property.
- Location and Amenities: The proximity to amenities such as MRT stations, schools, and other local facilities can influence the property's value.
- Property Attributes: Factors like the floor level, unit size (in your case, 93 sqm), and the overall condition of the property are also considered.
- Future Development: While historical prices provide a baseline, potential future developments in the area can impact the property's value. For instance, upcoming infrastructure projects, new amenities, or changes in the local environment can either increase or decrease the property's value.
- Edge Fair Value: EdgeProp's valuation tool, Edge Fair Value, uses a comprehensive methodology that includes these factors to provide a more accurate and up-to-date valuation.

Therefore, the result is a balanced assessment that combines historical data with current market conditions and potential future developments.