3 Room (3I) HDB for Rent in 64 Marine Drive

The valuation of the HDB 3 Room in Marine Parade, with a remaining lease of 49 years, reflects a current estimated value of $298,169, translating to a price per square foot (PSF) of $408. Given the market signal indicating no difference from the baseline price, this property is positioned within a stable segment of the HDB resale market. The stability is underscored by recent transactions in the vicinity, which suggest a consistent demand for HDB properties in this desirable location.

However, the model confidence rating is low, highlighting potential volatility in the valuation due to external market factors or varying buyer sentiment. It is crucial to consider the implications of the remaining lease when assessing this property; as the lease duration decreases, so too can the attractiveness to potential buyers. In an area like Marine Parade, known for its vibrant community and proximity to amenities, the long-term viability of property values will depend on broader economic conditions and shifts in buyer preferences.