3 Room (3I) HDB for Rent in 33 Marine Crescent

The valuation of the 3-room HDB property in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $367,247, translating to a price per square foot (PSF) of $449. This valuation reflects a market price that is in alignment with the baseline, indicating a stable demand within the area. The data is underpinned by a thorough analysis of 11 recent HDB resale transactions in the vicinity, offering a well-rounded perspective on the current market dynamics.

Marine Parade is characterized by its strategic location and vibrant community, which often drives interest in HDB properties. With a medium level of model confidence, it is essential to consider the implications of the remaining lease on the property’s long-term value. The 48-year lease provides a substantial timeframe for potential appreciation, yet buyers should remain cognizant of the lease decay effect as the property approaches the end of its tenure. Overall, the stable pricing signals a resilient market, catering to both owner-occupiers and investors seeking long-term value in this sought-after locale.