3 Room (3I) HDB for Rent in 83 Marine Parade Central

The HDB 3-room property located in the prestigious Marine Parade area, with a remaining lease of 51 years, has been appraised at an estimated value of $350,073, translating to a price per square foot (PSF) of $472. This valuation reflects a market signal indicating a stable price point, with a 0% difference from the baseline, suggesting that the property is currently aligned with the prevailing market trends. The stability in valuation is underpinned by a robust dataset, derived from 168 recent HDB resale transactions in the vicinity, which provides a high level of confidence in the accuracy of this estimate.

Marine Parade is recognized for its prime location and vibrant community, which significantly influences property demand and value retention. The remaining lease of 51 years is a critical factor in HDB valuations, as it impacts both buyer sentiment and marketability. Properties with such lease durations are often seen as viable options for young families and investors looking to secure a foothold in a well-established neighborhood. The high model confidence underscores the reliability of this valuation, reinforcing the notion that the current market dynamics are conducive to maintaining the value of this HDB unit in the long term.