3 Room (3I) HDB for Rent in 67 Marine Drive

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $398,772, translating to a price per square foot (PSF) of $487. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting stability in pricing amidst the current market dynamics. The Marine Parade area, known for its vibrant community and strategic location, continues to attract buyers, although the low model confidence indicates that fluctuations may occur in future valuations.

Recent market activity, indicated by six HDB resale transactions in the vicinity, illustrates a competitive landscape. However, the limited remaining lease may present a challenge in driving higher valuations, as potential buyers often consider lease tenure a critical factor in their purchasing decisions. The stability in price, juxtaposed with the diminishing lease, underscores the importance of monitoring market trends and buyer sentiment, particularly in a market characterized by rapid changes. As the property landscape evolves, stakeholders must remain vigilant to leverage opportunities presented by both the unique characteristics of the Marine Parade locale and the broader HDB market dynamics.