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

The valuation report for the HDB 3 Room unit in Marine Parade, with a remaining lease of 48 years, estimates the property at $378,222, translating to a price per square foot of $462. This valuation reflects a neutral market signal, indicating that the market price aligns closely with the baseline, exhibiting a 0% difference. This suggests a stabilizing trend within the local market, where buyer sentiment appears cautious yet balanced, allowing for steady transactions without significant fluctuations.

However, it is essential to note that the model confidence for this valuation is categorized as low, derived from only five recent HDB resale transactions in the vicinity. This limited data set may not fully capture the dynamic nature of the real estate environment in Marine Parade, particularly as the remaining lease period of 48 years could influence buyer perception and investment potential. The longevity of the lease remains an important factor, as prospective buyers often weigh the implications of lease duration on future resale value and livability. As such, careful consideration of market trends and lease dynamics will be crucial for stakeholders engaging with the Marine Parade HDB market.