3 Room (3I) HDB for Rent in 57 Marine Terrace

The valuation of the HDB 3-room property located in the prestigious Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $378,222, translating to $462 per square foot (PSF). This valuation reflects a market price that exhibits a neutral stance, showing a 0% difference from the baseline, indicating a stable demand within the local property market. Such stability can often be attributed to the desirability of the Marine Parade location, which is renowned for its proximity to essential amenities, recreational facilities, and efficient transport links.

However, it is crucial to note the model's confidence level is rated as low, derived from an analysis of only five recent HDB resale transactions in the vicinity. This limited dataset may suggest fluctuations in market dynamics and potential external factors influencing buyer sentiment. As the remaining lease period falls below the 50-year threshold, prospective buyers might be more cautious, impacting future resale potential. The interplay of these factors underscores the importance of a strategic approach when considering investment in HDB properties in this area, particularly as the lease duration becomes a significant aspect of valuation considerations.