3 Room (3I) HDB for Rent in 30 Marine Crescent

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $308,613, translating to a price per square foot (PSF) of $441. This valuation reflects a stable market position, as indicated by the market price showing a 0% difference from the baseline. Such stability can be attributed to the resilience of the Marine Parade area, which consistently attracts buyer interest due to its prime location and proximity to essential amenities.

In analyzing the market dynamics, the confidence level of the model is classified as medium, emphasizing the need for careful consideration of the local real estate landscape. This valuation is supported by data from 13 recent HDB resale transactions in the vicinity, illustrating a consistent trend in pricing. The remaining lease of 48 years is a crucial factor, as it presents both opportunities and challenges; potential buyers will weigh the remaining lease against their long-term investment strategies. Overall, this valuation encapsulates the delicate interplay of regional demand, lease tenure, and market sentiment within the Marine Parade district.