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

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 47 years, is estimated at $311,095, translating to a price per square foot (PSF) of $444. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable demand for HDB properties within this desirable locale. The Marine Parade area is known for its vibrant community and proximity to various amenities, which continues to attract both homebuyers and investors alike. The absence of a price differential from the baseline suggests that the market is currently in equilibrium, with supply and demand aligning effectively.

Our analysis is supported by a dataset of 11 recent HDB resale transactions in the vicinity, providing a reliable basis for the estimated value. With a medium level of model confidence, it is essential to note that the 47-year remaining lease might be a consideration for potential buyers, as HDB properties with shorter leases may experience varying levels of demand and pricing in the future. Nonetheless, Marine Parade’s reputation and ongoing developments in the area contribute positively to the property's long-term viability, making it a compelling option for both homeowners and investors looking to capitalize on Singapore's resilient real estate market.