3 Room (3I) HDB for Rent in 59 Marine Terrace

The valuation of the 3-room HDB unit located in the prestigious Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $224,187 or $463 PSF. This valuation reflects a stable market position, with a market price that shows 0% difference from the baseline. Such stability indicates that the property is well-aligned with current market conditions, suggesting a balanced demand and supply equilibrium in this sought-after residential enclave.

Market dynamics in Marine Parade are particularly compelling, given the area's reputation for premium living and accessibility to various amenities. The valuation model, backed by a robust analysis of 20 recent HDB resale transactions in the vicinity, exhibits high confidence in its findings. This confidence is indicative of the consistent interest in HDB properties within this locale, which continues to attract both homeowners and investors alike. As the remaining lease period is a critical factor in HDB valuations, the 48-year lease offers a substantial timeframe for potential homeowners, making it an appealing investment in a buoyant property market.